Post by
flush777 on Sep 06, 2024 1:48pm
Our Bank of Canada chief will look pretty silly when
the US Fed bank chief announces a 1/2 of 1% rate reduction at their meeting Sept 17-18, OR SOON!!
CANADA needed the same increase the last meeting.
My own feeling is that our interest rates should be up to 3/4 of 1% less than the US ...
Comment by
flush777 on Sep 06, 2024 3:28pm
I am just watching the Canadian dollar soaring, thanks to the Bank of Canada 1/4 of 1% rate decrease, inflationary since the US expects a 1/2 of 1% decrease within a couple of weeks vs the next Bank of Canada announcement at the end of October. WELL DONE, BOYS! We are going to Japan next spring, so now time to buy Japanese yen before the Canadian dollar gets any worse ...
Comment by
Quintessential1 on Sep 06, 2024 7:27pm
WTF are you on about? Since when is $0.73 soaring? FYI the BOC has cut their interest rate 3 x 1/4 percentage points to the FED's none so far. Plus another 1/4 point cut planned for October. BOC is doing just fine. BCE is too. GLTY and all