RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Board just lit upThe reason why Tiff Macklem did a 1/2 at the last meeting instead of 3/4 was because he took the bull by the horns in July and did a full 1%. This was historic because normally we follow what the US does for a change he led the US. Therefore for the Oct meeting he only had to do 1/2 as the US was playing catch up.
Sorry to burst your bubble but you will be wrong on rate decreases. The FED wants nothing more than to put people out of work, decrease wages and get inflation down to 2%. They did not move this aggressively just to unwind it. This is wishful thinking by the irresponsible ones who did not heed the advice back in 2018 when then
BoC Governor Stephen Poloz warned Canadians to keep their debt levels in check because rates would eventually be going up.
As far as me being short, think what you wish. Maybe it makes you feel better.
canadian wrote: Already Many home owners are in "pain" at this rate. Last month Canada increases rate by .5 compared to USA's 0.75 because BoC knows the problem that Canada does not have 30 year mortgages like in USA.. I expect the rate to be 4.25 to 4.5 max and interest rates will start falling end of next year. I believe you are short on many stocks.
https://www.bnnbloomberg.ca/bank-of-canada-look-ahead-economists-expect-seventh-straight-rate-hike-1.1855661
I expect inflation to be below 4% in third quarter of next year.
https://tradingeconomics.com/canada/inflation-rate-mom.
Last 4 months the MOM inflation on average is .2 per month (2.4% yearly)