Bank Of Canada Just Flipped - Still Substantial Risk Ahead

The Bank of Canada increase the overnight lending rate by a quarter of a percentage point today to 4.5%. The also signalled that they would put a hold on increasing interest rates. However, there is still significant global risk to the economy that could turn the Bank's Monetary Policy Forecast on its head.

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of this video should not be considered a substitute for
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[johnmarkwilderspin]

When the gov prints and gives out money like it’s candy on a warm Halloween evening, not sure who else there is to blame.

[harlzberg]

Seems like we mimic the U.S. plus minus .5% with raising rates. If the Americans keep raising we'll probably follow, which is just weakening our CDN dollar. Since Canada hasn't had a matching wage increase comparative to U.S.A., we are hurting at the pump and consumer goods. Our debt is also at pretty high numbers, with people dipping into savings, but mainly credit card holders.

[billyt]

David Rosenberg said it best, the Canadian real estate is a castle built on quick sand.

[PunkRockGardener]

Gas prices aren’t really coming down, on the prairies, there will just be another carbon tax put on. Christ I hope Ontario and Quebec wake up before the next election.

[francisa]

The printing of money and massive debt accumulation was done under the watch of which government? Saying that everyone else did the same thing does not are it right.

[kurash]

Inflation is happening in all over the world you say after comparing Canada with countries that have not resource based economy and printed more money than Canada. Why don't you compare Canada with resource based countries, like OPEC nations, Indonesia and Brazil? Way lower

[knight]

The future looks uncertain. Not sure what do to any more

[emilesolanki]

Dear Nolan. We bought your book and paid, but it did not arrive. We emailed for help. No response. Please help. Thanks.

[Mrgorr]

Normal interest rates (5%) for for the next 5 years. Inflation 4-5% and yearly increase of house prices 3%-5% except for 2023 which will figure a decline. 5% on your investment is not bad in a normalized world.

[Matt.k]

Tiff Macklem’s soft landing might not be so soft Buckle up kids

[oscarbreton]

Hi Nolan, As soon as the interest rates went up, my broker send out emails about REVERSE MORTGAGE. Do you have a point of view on this type of mortgages? Pros, cons, etc.

[marinerbc]

Sorry Nolan, remember when you were all over the variable rate ? 😂 how is it now working for your viewers . Please slow down on laying out predictions in this manufactured economy.

[nimitaw]

Thanks for not blaming and bashing the government just because the whole social media space is doing. Negative videos attract more views. Extreme right is having a ball.
If people say money printing was bad, please give another option to it which would have been better?! There was no other option.

[jchong]

This is exactly what I was thinking. I'm strongly considering locking in my mortgage for 2 years. I need some time to think more

[joseraulmachadofernandez]

Hey, Nolan. I ordered the book since Jan 10. Is it still on its way?

[profitsdaily]

"Be miserable. Or motivate yourself. Whatever has to be done, it's always your choice." --Wayne Dyer

[mohammedshussain]

canada was heading towards downturn before the pandemic since 2019 the pandemic made it way way worse

[benshirk]

Nolan, I would say BOC pivoted to 25 bps increase and may or may not do additional 1 to 2 hikes in the next few months if warranted.

When do you think they start lowering rates?

I can see rates remaining at or above current levels into 2024.

[chachalaca]

Realestate has been financialized. If prices start to dip they'll be scooped by immediately by all the "investors".

[gregr]

Can't get your book yesterday and today Nolan. Unable to access. Great vid btwy.