Post by
Moemoney42 on Jun 05, 2024 9:49am
BOC cuts rates 25 basis points
As I thought we've crossed that pivot point.. will be interesting to see if the US does the same.. I'm thinking they might do a 25 basis points as well.. that's my call FWIW..
Comment by
Canoftuna on Jun 05, 2024 12:43pm
Give us a date then....another tough call...next rate move will be a cut...sooner or later it's going to be cut...it's not difficult
Comment by
Anschutz on Jun 05, 2024 7:20pm
I think Biden holds for at least another month maybe more. BoC devaluing the dollar works to US advantage. US gets more oil for less. Takes 5 to 6 months to see the effects. One of their tactics to help reduce the price of oil at the pumps heading into the November election. BoC, Trudeau & the global cabal want Biden in office for another term.
Comment by
packerdriver on Jun 05, 2024 10:04pm
OMG !!! this is delusion like I've never seen!!! Anshits!....our oil companies SELL oil in USD....they pay their expenses in CAD.....the spread works FOR them....there's some "global cabal" out there??? Get help, man! SAD!
Comment by
Moemoney42 on Jun 05, 2024 10:46pm
I agree, but I think the Fed wants to put the rate cuts on the table before the election as far ahead as possible so they don't get painted with an "affecting the election" brush as would happen.. July sounds about right for their move IMO