Post by
garyreins on Jun 25, 2024 3:09pm
0.6 m/m- canada
So how do they just cut rates which had 0 impact, then get a huge spike in inflation "out of nowhere". Did I not predict this was going to happen yesterday. Considering the lag in policy + constant mortgages renwing higher, it really makes very little sense. have to question whats going on at this point
Comment by
Torontojay on Jun 25, 2024 5:09pm
that is a horrible inflation number. Just to put things into perspective how bad things are. Canada has already exceeded their 2 % inflation target through the first 5 months of the year!!!