TSX:TNT.UN - Post by User
Comment by
cooper90on May 15, 2024 12:57pm
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Post# 36041440
RE:RE:RE:Why is tnt only repurchasing 4200 shares per day?
RE:RE:RE:Why is tnt only repurchasing 4200 shares per day? Absolutely, there will be no hyperinflation in Canada far from it. The USA is growing and the economy is resilent but inflation is coming down at a gradual pace. Canada, due to anti-business Federal policies resulting in wasteful spending, no support to drive business productivity and growth our economy is currently riding a technical recession.
During a recession with heavy household debt levels consumers cut back, businesses don't invest in capital and unemployment continues to tick higher. The only thing growing in Canada is Federal Gov jobs, and debt levels in all levels of government. Consumers continue to cut back and this will lower inflation but at a cost.
End result, the BOC is behind the curve IMO in cutting rates and will need to act before Canada falls into a deeper recession which rate policy will not combat so quickly.
Big difference between the US and Canada currently and it is only going to widen so with every rate cut in Canada that will benefit TNT and Canada REITs overall.
June we will begin the Canadian REIT healing process!