Canada's Inflation 'Plunges' to 2%, JUMBO Rate Cuts coming

#canadainflation #canadianeconomy #bankofcanada

Canada’s inflation rate fell to 2% in August, the lowest since February of 2021, with CIBC calling on the Bank of Canada to engage in ‘Jumbo’ rate cuts in December and January.

Links:

Bank of Canada to Start Jumbo Rate Cuts by December, CIBC Says:

Canada’s inflation rate hits 2% target, lowest level in more than three years:

Inflation rate slows to 2%, raising odds of bigger Bank of Canada rate cut:

‘Bullseye’: Inflation plunges to 2% per cent in August, hitting Bank of Canada’s target:

Bank of Canada governor raises prospect of big rate cuts:

Canada's 2% inflation rate in August raises hopes for large rate cut:

Consumer Price Index, August 2024:

Odds of a jumbo rate cut inch up, as inflation reaches lowest level since February 2021:

Policy interest rate:

Inflation cools sharply to 2% in August, hitting Bank of Canada’s target:

CIBC forecasts ‘supersized’ Bank of Canada rate cut by year end:

Posthaste: Odds of a half-point Bank of Canada cut are rising, say these economists:

Interest Rates: Immediate Rates ( 24 Hours): Central Bank Rates: Total for Canada:

Infra-Annual Labor Statistics: Unemployment Rate Total: 15 Years or over for Canada:

‘Bullseye’: Inflation plunges to 2% per cent in August, hitting Bank of Canada’s target:

Canada’s unemployment rate rises to 6.6% in challenging market for job seekers:

Bank of Canada to Start Jumbo Rate Cuts by December, CIBC Says:

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[Fourftw]

Those cheering on cuts, deflation is nightmare fuel, unemployment is going to soar.

[NofzigerMegginson]

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[ronl]

Perfect storm is on the horizon, Consumer debt, Mortgage debt, 2025/26 renewals, and now slow economy with job loss...Its not looking so good!

[Buildituniversity]

Cuts or bailouts? Calling for the BOC to make jumbo cuts out in the open is easy when you’re an oversold bank that knows if they have to foreclose the CMHC is going to take much of the hit. And now, the most volatile buyers can apply for another insured 500k.

[jjun]

who ever edits your videos are doing a great job! props.

[cheapskatehiker]

Thanks for making these videos, I live in London and its great that you are keeping people here informed like this. 2 year yield rate is going down and its already around 3.6 so if you believe in that, rates are definitely getting cut, fast. I think this will push inflation up. Also yield curve has uninverted so we are probably in for a really bad time economically. If not soon then in a few years. Everything Peter Schiff was saying back in 2019 is basically a play by play of whats happening now. I hate that he is right! Thanks again!

[barrybrand]

ITS REALISTIC IF YOU DO NOT RENT, BUY A HOUSE OR EAT. THEN I GET IT.

[fillmorehillmore]

Oh sure rates will fall, but taxes and CPP 'contributions' will rise. One or the other will crush working age people. If your under 40 you should GTFO out of this place.

[R.A.M_]

How low they go, will probably depend on how afraid of a recession they are.

[MatthewSantagapita]

Great video Mark. I don’t buy that just rate cuts will get things going. Canada has a tax problem and cost of living problem that BOC rate cuts don’t fix. Keep up the good work Mark

[zackd]

Watching the BoC scramble has been one of my favorite dumpster fires to watch.

[althunder]

Why do I have the feeling that the BoC has no clue what they are doing? Up, Down, sideways, with too much talking.

[mahtabsoin]

Canada isn't worried about deflation. We're already in a depression and have been silently suffering for the past 2 years. But you don't hear that from our esteemed finance minister.

[chowdhury]

I like this guy, he summarises details without saying much!

[jmb]

Careful what your wish for people - the resulting tightening in ?? number of years will be intense, much more intense than this time around. We are kicking the can again... and those who go back to spending instead of learning their lesson will be destitute.

[InfraredVision]

300% inflation increase followed by 2% decrease is 298% increase.. not a 2% rate.

[duncangirl]

How ironic....just as Trudeau is about to get the boot.

[lawrencehalpin]

Thank you Mr. Mitchell for the great reports. God bless.

[heyyou]

That doesn't make up for the years at 25%

[PoligrafPoligrafovic]

So what will the excuses be when they cut again and again and house inventory keeps piling up?
It's almost like they're purposefully ignoring the fact that Canadians cannot afford houses at current prices, regardless of where the rate is...🤔