This article from the Financial Post suggests recent cpi data from Canada (2.7% and declining m.o.m) paves the way for a June rate cut from the Bank of Canada. That would definitely signify 2% is no longer the target.
https://financialpost.com/news/economy/inflation-data-all-clear-bank-of-canada-rate-cut-economists
It’s really odd. Is it just the financial sector applying pressure, because they miss low interest rates?
At least in the US, I don’t see rate cuts coming until CPI is under control.
It seems like it would not be wise for Canada to cut rates before the US does.
I think the Bank of Canada is very concerned about the insane debt levels of Canadian households and the real estate sector, which has propped up the economy for two decades, crashing.
Whereas I think the fed is more concerned about the bond market in the US.
Both likely to capitulate before inflation under control as they are forced to choose between the lesser of two evils.
Wouldn’t the capital flight be insane if Canada unilaterally cuts rates?
I am sure there will be some but taxation on foreign investment can be onerous depending on what you own and under what structure.
Is Canada doing a lot better than the USA?
lol
Laugh it up now. You won’t be laughing when SGA leads team Canada to gold in the Olympics. Dream Team pfffft.
Jokes on you. I’ll also be rooting for team Canada.
Indy hanging in.
Awesome! I took a flier on the Pacers to pull off an upset.
They keep falling behind but coming storming back. Impressive
Team Maple welcomes you to the bandwagon.
Canada has good teams? Maybe their toboggan team is better than Jamaica.
Haha. Yes Canada is usually pretty good at bobsled.
Feel the rhythm, feel the rhyme, get on up, it’s bobsled time.
Classic
I cant believe Jamaica did that. 1988, changed the world forever! They dont even have snow lol
Not even in hockey anymore apparently.
"Inflation cooling to a three-year low" By what metric? lol
CPI of course. The rigged metric they all use.
It has to be skewed. Its 7% or more in the USA, they are claiming 2%. lol
Of course.
I’m sure it is a three year low, but that doesn’t mean much when three years ago was the ATH.
Just seems odd that Canada is the only place that is doing well.
Canada’s economy is lagging which is why inflation is declining. So doing well on the inflation front but not broadly.
Steady is good, too. Better than the printers going BRRRRR. Wait, have they changed the bills to Charles face yet?
No but wasn’t that being discussed in Australia? Thought I heard something about that.
Im not sure. Usually they change the face pretty quickly. I guess ER had her face on bills for a long time.