RE:RE:RE:90,000 jobs created in December won't stop a rate cut. Bigbear7405 wrote: I also think its more likely they will cut because the last inflation reading was 1.9% which is below the target inflation rate and they also don't meet in February.
BOC said that latest inflation reading came at 1.9% LOL . Only thing we are missing from BOC is fairytale story Little Red Riding Hood. Don't believe for one minute that inflation is running below 2 %. Starting this year taxes went up again ; CPP contribution,carbon tax , weak $ resulting spike in gasoline prices etc. Not mentioning US upcoming tariffs which will bump inflation as well. Back to square one when quarantined income returns will start disappearing and inflation will deteriorate the value of our money. The price we are going to pay to save 2 million of people renewing mortgages and to avoid the recession. Moronic bankers during the pandemic flooded system with cheap money causing inflation to spike plus Trudeau sending the checks on the top of it in hopes that Canadian proletariat will elect him again.