TSX:AX.PR.E - Post by User
Comment by
Torontojayon Jun 17, 2024 4:15pm
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Post# 36092816
RE:RE:Can someone explain
RE:RE:Can someone explain
garyreins wrote: The only theory I got which you heard is that foreign investors are exiting due to currency risk. These trds have been in freefall since the cut, the exact opposite you thought would happen
The best explanation I can think of is that interest rate cuts may also indicate a hard landing. It's not clear to me that the worst is behind us. I think it may very well be in front of us which is why Canada cut in the first place. Moreover, if the US cuts down the road it could be a double whammy blow to the Canadian economy.
Canada will be a losing economy until we get rid of Justin Trudeau.
Tax increases, condos crashing in Toronto.
it's not looking good here.