50 point cut announced today. Lowering benchmark rate to 3.75%.
How long can they go?
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61 sats \ 2 replies \ @Cje95 23 Oct
Wait a second… this wasn’t a @TomK post!?!? That’s my guy for all things economic! 😂
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31 sats \ 1 reply \ @grayruby OP 23 Oct
I am @Tomk’s source for Canadian economic policy.
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40 sats \ 0 replies \ @Cje95 24 Oct
Ahhh! Makes sense!
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40 sats \ 1 reply \ @OriginalSize 23 Oct
Only $1.5T of national debt, let's get it, let's go!
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21 sats \ 0 replies \ @grayruby OP 23 Oct
Rookie numbers.
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40 sats \ 0 replies \ @Satosora 23 Oct
Ouch, another point cut?
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40 sats \ 0 replies \ @TomK 23 Oct
It shows the incredible strength of the economy in North Wokistan.
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40 sats \ 2 replies \ @Undisciplined 23 Oct
Can I take out a mortgage for an American house with a Canadian bank?
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79 sats \ 1 reply \ @HardMoney 23 Oct
Unfortunately you can only lock rates in Canada for 5 years vs the USA 30 year fixed
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32 sats \ 0 replies \ @grayruby OP 23 Oct
Yeah, it would have been nice to lock in my mortgage for 30 years when rates were sub 2.
Fortunately, I have a small mortgage compared to most people so even when I had to renew at a much higher rate my monthly payment only went up a couple hundred a month.
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30 sats \ 1 reply \ @Rothbardian_fanatic 23 Oct
Is the shift in Canada? The economy is going the usual way of economies in communist places. Maybe they can get rid of Turd dough, soonest.
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0 sats \ 0 replies \ @grayruby OP 23 Oct
Hopefully next Oct the latest Trudeau will be gone.
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