FULL ANNOUNCEMENT | Canada is 'back to low inflation': Tiff Macklem on 50 basis point rate cut

Bank of Canada Governor Tiff Macklem says interest rates have been a burden for Canadians and the focus now is keeping inflation down.

Bank of Canada Governor Tiff Macklem holds a press conference at the Bank of Canada in Ottawa on Wednesday, Oct. 23, 2024. THE CANADIAN PRESS/Sean Kilpatrick

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[ChristophersHoyts]

As a soon retiree, keeping my 401k on course is my top priority. I have been reading of investors making up to 250k ROI in this current crashing market, any recommendations to scale up my ROI before retirement will be highly appreciated.

[Tobzzzz_]

Doesn’t really make a difference if everything still stays the same price 💀

[SandraPriebe-bp]

Nobody is feeling any relief. Food bank use is up, tent cities are everywhere, crime is out of control, terrorists are chanting death to Canada, government corruption is out of control, taxes are ridiculous, investment growth is down, unemployment is high, food prices are out of control.

[rpelletier]

Ill believe it when i see it at the grocery store check out from what i can tell high prices and low wages are here to stay unfortunately

[Aquila-]

If you think this is going to change everything you are wrong! Inflation is still HIGH due to CARBON TAXES. Wake up!

[syedaliabidi]

I don't believe a word he says...remember he was saying that "there is no cuts expected until mid 2025"

[beth]

Saying this has not shown up in my life yet!
I am a senior and know I am not alone!?
So VERY DIFFICULT to Live!
Everything is money and being a senior makes me wonder how I will get to the end of the month!

[TheGruntski]

Gassers! It makes no difference if there are no wage increases (except for MPs) to counter the presently accumulated inflation.

There is no correlation between lower interest rates and private companies lowering prices. But there is correlation between higher interest rates and private companies raising prices. He just keeps on saying high prices yada yada yada even though inflation is down ignoring private companies didn't lower prices.

[ungodlycreature]

Groceries and rent still high ? Then sit down sir

[victoriakatofficial]

lol then why is my cheque still not enough to afford rent lol

[BethLoader]

Big deal, still to expensive in Canada

[FflopsNtanktops]

Inflation may be down slightly but prices are not coming down 😂

[dotkyo]

Canada is into a recession and food inflation is as high as ever.

[omarfw]

Grocery prices are immunized lower interest rates, but they get affected when rates go up

[annasulsky]

Who cares about “inflation”. What about food and gas prices?

[damonlied]

Anyone who's financially literate understands that this is because our workforce is weakening in canada.

[martinfriesen]

So inflation is not rising as fast but that doesn't help me pay the 36% increase in mu cost of living! We need deflation to make up for it!

[NerdyPanda-tdtz]

Lmfao 😂 doesn’t change anything… prices are fucked permanently. Thank a liberal/NDP voter.

[onthenextthing]

And yet, prices remain at an all-time high.