TSX:TNT.UN - Post by User
Comment by
cooper90on May 03, 2024 11:51am
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Post# 36021796
RE:MCKLENN
RE:MCKLENNThe BOC will need to cut rates as Canada is teetering on recession. But, they cannot vary to much from the US Fed or the Canadian dollar will drop to much. IMO the BOC will drop .25% in June but the extent of additional cuts and their frequency will be more tied to US policy
The US is our largest trading partner, most of our goods are imported from the US, including food and if our dollar drops a lot then we will see inflation go up across all sectors and this will not be a good thing for Canada
In Canada we are actually hoping for rate cuts in the US only to evert the above senario knowing Canada needs cuts now more than ever.
IMO will see a cut in June from the BOC but not the Fed.
Once investors get the real whiff of Canada cuts this will spark the buying in REITs and with our daily buybacks it will provide additional liquidity for some postive trends for TNT.
Almost game on!
Cooper