Odds of another BoC rate cut next week

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Derek Holt, vice president and head of capital markets economics at Scotiabank, joins BNN Bloomberg to break down and preview the latest economic data.

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BNN Bloomberg is Canada’s only TV service devoted exclusively to business, finance and the markets.
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Trying to predict BoC rate cut is like rolling a dice. BoC was clear with their words, if job market isn't tanking they have no need to cut rate, according to their own standards they shouldn't even have cut rate earlier, but they cut rate anyways.

evilapple
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Canada is already in a big financial crisis. BOC will be forced to cut deeper if the unemployment climb again.

gamerstv
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This would be a blow to the young people in Canada, they are already chasing inflation and are loosing the race !

JimRevell-nyhw
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Macklem sucks. I still remember him saying in 2020 when HSBC was offering mortgage at 0.99% that rates will stay low for a long time. Gues what they did not. Macklem is as as trustworthy as this government

Alanom
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Is it true that Canada just revised the CPI calculation to have more weight on mortgage interest? If so .. interest rate cuts will more quickly reduce CPI reads. Just a little shady :)

andrews
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Invest in gold miners, or gold. Easy credit and an inflationary Federal Cabinet/ B.o.C. are going to run the printing presses again.

Ynalaw
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I see the rising interest rate as a very big problem, as more investors will definitely pull out more money from the Stock market. This might have worked when I was still invest-ing with a couple thousand dollars, but it is more difficult now to decide whether to pull out more than $365k from my port-folio. I know some inves-tors still make that despite the strong bear market. In wish I could pull that feat

bernadofelix
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Inflation data for June was announced to be 2.7%, so they're almost GUARANTEED to drop again July 24th

pavichokche
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I ran the numbers on a jug of milk.. 5.59 - 2.9% inflation is 16 cents, 2.7% is 15 cents and 2% is an annual increase of 11 cents… a couple years ago inflation was ripping high, and it didn’t matter, now all we hear is this BS over a couple cents.

SeanGPatterson
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Correct they will be cutting no matter what. needs to be ahead of the US

Relaxlifeisshort
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And yeah the jokers change the narrative every day. Hahahahahahahahhaha

zmumtaz
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