Rate cuts 'not on a predetermined path' | Bank of Canada Governor Tiff Macklem

Bank of Canada Governor Tiff Macklem says there was a strong consensus for a 25 basis points cut, but a greater cut was discussed.

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[judithrochon]

A guy named Tiff?? Sounds boujee to me. Probably a nepo .

[peterwarmuz]

Cuts= higher prices they raise rates you suffer, and then they tell you they're going to cut rates to make you feel better, but prices are still high it's a huge illusion joke's on you canadians' depreciation of the dollor

[betharris]

Runaway Trudeau/Singh government spending g 80% of our National Income Gross national product (GNP) is the total value of all the final goods and services made by a nation's economy in a specific time . GNP is different from net national product, which considers depreciation and the consumption of capital.

[OzzeyfromVek]

artificially low interest rates created this mess of inflated real estate and inflation and cuts now will only prolong the suffering, let market drive the rate, leave politics out of it

[adilfazal]

Tiff doesn't know what he's talking, what he's doing... He makes $530, 000+++ in salary, perks & benefits... so, he doesn't even know what's Inflation!

[dontbefooledbyjumla]

.25 is not enough and it's too late already. Job market is terrible. Earlier I thought I can switch roles using transferrable skills now even with exact skills getting ignored.

[Icecold]

GDP per capita is tanking. Government spending is 80% of GDP growth. Sunny ways!

[crazyralph]

This is on every Liberal voter out there.

[Slackmana]

Honestly the best thing we can do to get ourselves out of this rut, is to stop eating fast food...
I know it sounds ridiculous but it's true.
Fast food is the number one growing job empire in Canada. There is always a fast food position near you that's hiring.
So what would the number one growing job empire be IF food service was off the table?
Something else, and IMO anything else is better.

[markskids]

Immigration is the inflation we need to beat.

[duanedietz]

This guy looks like a backstabber, Can’t be trusted

[theMoney]

Cumulative inflation from 2020 to 2024 is 100%. Prices will remain sky high forever. Lower interest rates = higher housing/rent costs. Inflation baby!

[ronstephen]

He says they aren't on a predetermined path. That means they are RANDOM or SPORADIC. Neither of those is a coherent strategy that will help the Canadian economy.

[tonyfulford]

Blah, Blah, Blah, ..King of word salad. Imagine talking for that length of time and not say a darned thing. This guy gets paid how much ?

[tiyailaC]

Christ Jesus is coming back soon folks. May we all repent and live for him before its to late ⏳️ ✝️

[faridtahiri]

Let's see how you are going to landed Mr. Genius. Other places have massive economy except you when you landed like this you set on your ass for a long time until you come out of your economic coma.

[ohyabuddy]

I can’t believe a word coming out of his mouth. Useless

[AlexMurrell-dc]

Prime Minister Justin Trudeau told Tiff Macklem to make cuts.

[deblynn]

It’s not the interest rates that are the problem. The 30 year average is around 7% and current rates are still lower than that.

[ravic]

This guy is not thinking about situation outside. Jobs and earnings are difficult in this situation