TSX:TNT.UN - Post by User
Comment by
cooper90on Mar 19, 2024 9:57pm
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Post# 35942043
RE:RE:RE:RE:Due for a market correction
RE:RE:RE:RE:Due for a market correctionIf the Bank of Canada lowers rates and within a few months the US does the same it won't matter. I work in supply chains we have over 12x weeks at current exchange, it doesn't affect costing on USD imported goods for 2-3x months or more. If its longer than that I agree we could see some price increases but I doubt this will lead to rate hikes in Canada.
If the US increased rates and Canada were to lower rates for a period of time thats a different story but this won't happen to much of trade is tied together and I doubt the US will increase, I see no changes in the US and Canada will be first to start rate cuts......IMO.
My point is as rate cuts start to materialize this is of course positive for REITs and I believe puts a floor under the stock.