RE:RE:RE:NAV April 11At under 3% inflation, the BoC can afford to take their foot off the pedal with a 1/4 pt rate cut in June in order to avoid recession. The US economy, however, is running much hotter than us so cannot afford rate cuts before July. I believe if the FED can't cut by July 31, the market will have a cow as they will need to wait until after the election.
ABP123 wrote: I stepped to the sidelines the other day at $5.54. Started getting nervous. Biden is at it again fighting the FED with his Direct To Consumer spending aka Student Loan Forgiveness. Our fearless leader is also throwing the money around like confetti. While I thought that the BOC was a lock for a cut in June based on the employment numbers, I am beginning to think US inflation and the FED have the BOC in a corner. The BOC might get stuck in a situation of having to defend the CAD.