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.
83 sats \ 20 replies \ @Undisciplined 22 May
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.
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69 sats \ 2 replies \ @grayruby OP 22 May
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.
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50 sats \ 1 reply \ @Undisciplined 22 May
Wouldn’t the capital flight be insane if Canada unilaterally cuts rates?
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0 sats \ 0 replies \ @grayruby OP 22 May
I am sure there will be some but taxation on foreign investment can be onerous depending on what you own and under what structure.
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71 sats \ 16 replies \ @Satosora 22 May
Is Canada doing a lot better than the USA?
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30 sats \ 14 replies \ @Undisciplined 22 May
lol
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52 sats \ 13 replies \ @grayruby OP 22 May
Laugh it up now. You won’t be laughing when SGA leads team Canada to gold in the Olympics. Dream Team pfffft.
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60 sats \ 9 replies \ @Undisciplined 22 May
Jokes on you. I’ll also be rooting for team Canada.
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42 sats \ 7 replies \ @grayruby OP 22 May
Indy hanging in.
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50 sats \ 6 replies \ @Undisciplined 22 May
Awesome! I took a flier on the Pacers to pull off an upset.
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42 sats \ 5 replies \ @grayruby OP 22 May
They keep falling behind but coming storming back. Impressive
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42 sats \ 0 replies \ @grayruby OP 22 May
Team Maple welcomes you to the bandwagon.
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50 sats \ 2 replies \ @Satosora 22 May
Canada has good teams?
Maybe their toboggan team is better than Jamaica.
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10 sats \ 1 reply \ @grayruby OP 22 May
Haha. Yes Canada is usually pretty good at bobsled.
Feel the rhythm, feel the rhyme, get on up, it’s bobsled time.
Classic
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50 sats \ 0 replies \ @Satosora 22 May
I cant believe Jamaica did that.
1988, changed the world forever!
They dont even have snow lol
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10 sats \ 0 replies \ @grayruby OP 22 May
Not even in hockey anymore apparently.
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83 sats \ 9 replies \ @Satosora 22 May
"Inflation cooling to a three-year low"
By what metric? lol
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31 sats \ 8 replies \ @grayruby OP 22 May
CPI of course. The rigged metric they all use.
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50 sats \ 1 reply \ @Satosora 22 May
It has to be skewed.
Its 7% or more in the USA, they are claiming 2%. lol
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10 sats \ 0 replies \ @grayruby OP 22 May
Of course.
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50 sats \ 5 replies \ @Undisciplined 22 May
I’m sure it is a three year low, but that doesn’t mean much when three years ago was the ATH.
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40 sats \ 4 replies \ @Satosora 22 May
Just seems odd that Canada is the only place that is doing well.
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31 sats \ 3 replies \ @grayruby OP 22 May
Canada’s economy is lagging which is why inflation is declining. So doing well on the inflation front but not broadly.
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50 sats \ 2 replies \ @Satosora 22 May
Steady is good, too.
Better than the printers going BRRRRR.
Wait, have they changed the bills to Charles face yet?
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10 sats \ 1 reply \ @grayruby OP 22 May
No but wasn’t that being discussed in Australia? Thought I heard something about that.
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50 sats \ 0 replies \ @Satosora 22 May
Im not sure.
Usually they change the face pretty quickly.
I guess ER had her face on bills for a long time.
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