Core inflation in Canada comes in weaker than expected: instant reaction

Sal Guatieri, Director and Senior Economist, BMO Capital Markets joins BNN Bloomberg, to discuss how a potential rate cut in June could affect the housing market.

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[hersdera]

Inflation hits people a lot harder than a crashing stock or housing market as it directly affects people's cost of living that people immediately feel the impact of. It's not surprising negative market sentiment is so high now. We really need help to survive in this Economy.

[pengily_emi]

I’m down $137k this year, scared my bank or brokerage will fail. Savings are dwindling due to high prices and debt

[paulinebowen]

CPLies!!! Inflation is not 2.7% when I go to grocery store or buy gas.

[catinthehat]

Reality will prevail, things are about to get really bad, these numbers don't reflect the stress Canadians are feeling right now !. This is the calm before the big storm !

[GrimericaShow]

Making Canadians renegotiate their mortgages. Every five years is fucking criminal.

[captainfatfoot]

So prices are never coming back down. They just won’t rise as quickly anymore. Allegedly. CPI is propaganda anyway

[donm]

I want to grocery shop where they get the numbers

[lookanabeauti]

Lowering interest rates will be disastrous for home prices and will continue to contribute to be out of reach for first time home buyers.

[tmacmac-ecut]

LIES LIES LIES
CANADA I KNOW YOUR SMARTER THEN THAT

[samcity]

Still significantly above 2%, but these talking heads are starting to feel the heat with colleagues losing jobs...clear bias for BoC to cut rates

[uu-cp]

And covid vaccines are safe and effective.😂

[tmacmac-ecut]

GOOD NEWS HE SAYS LOL
THERE HAS NOT BEEN GOOD NEWS IN CANADA FOR YEARS
THERE HAS BEEN A BLACK CLOUD OVER CANADA SINCE 2015

[hchalz]

So, Trudeau and Freeland have been right. Canadians never had it so good.

[enderwiggen]

This is a reflection on how many people are no longer able to buy the essentials they use to track inflation. They need more people to fail economically before they will lower rates. My condolences to those who starve or lose their homes … except for those who voted liberal and ndp as you chose this type of free spending which is the cause of inflation.

[Barr]

Inflation came in weak??? Including food and energy and other important costs the cpi came in at .5 percent. Annualized that’s 6 percent. It’s been strong for a number of months. Inflation is very strong and persistent.

They want to take out food, energy, and other important costs that people pay for, and concentrate on the yearly number because it includes old numbers from last year. They don’t want you to look at the most recent monthly number, that show how fast and hard inflation is rising.

They also want to pretend that when they cut rates, the dollar won’t tank and inflation will spike higher.

Then they will continue to print money, saying it’s to help the economy meanwhile they spend recklessly and increase everyone’s taxes. It’s all a scam to push money out of the middle class.

[gilbertayala]

🤔🤔
😆😆😆😆😆😆
This guys are Laughable
Is actually Hilarious listening to their lies...

[robertb]

So higher rent and higher mortgage payments are contributing to So the current inflation they are raising the interest rates, which raises mortgage payments which also in turn raises rent for landlords who have mortgages... All while bringing in hundreds of thousands of more people who will increase housing demand even more. Yet they say they are fighting inflation?

[Reynold-Kelly]

I'm favoured $130k every 4 weeks! I now have a good house and can afford anything and also support my family

[aa]

Means ditto as Core inflation is the change in the costs of goods and services but does not include those from the food and energy sectors.

Everyone I know is spending all their money on food and energy

[Impozalla]

Food prices still remain high. Doesn't matter if inflation is down to 1% because corporations have already increased their prices on everything. The price we pay now at the grocery store will be the norm. We shouldn't expect to see grocery store slashing prices anytime soon.