Bank of Canada cuts key rate to 4.50%

David Burrows, president and chief investment strategist at Barometer Capital Management, joins BNN Bloomberg and talks about his thoughts on the Bank of Canada.

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[palestinelucas]

That's a wrong decision. Inflation is still high

[thisiscanada]

We need the Biggest tax cut in history of country

[hayhay_to]

when foods and housing inflation remained intact, more money will be allocated for foods and shelters which means less money for other spending. That's why inflation other than foods and shelter came down hens excess supply. BOC used this excuse to cut rate lower and printing again.

[DL-dsxp]

Our economy is a dumpster fire but at least we can still virtue signal

[bernadofelix]

Rate cuts commence in June 2024, taking 6-8 months to complete. A potential crash, if any, might occur by March 2025. The soft landing narrative is gaining traction, making this big recession everyone is calling for less likely. With $1 million from a business sale, I'm seeking profitable investment opportunities for the next 3 years.

[dirtlump]

Here comes resurgent inflation.... the Canadian 'peso' coming right up !

[courtneybrown]

Bank of canada quick to cut rates but didn't quick to raise interest rates. I don't trust this guy . Interest rates should have never been cut

[BowtieJDP]

Employment data would be a lot stronger if we didn’t have mass immigration mandates.

[courtneybrown]

Gasoline price, food prices, home prices rent and many more still very expensive and u cuts rates. The bank of canada has no credibility

[gaetanomagnifico]

Canadian dollar will drop. Already 0.37 cents against the USA dollar.

[wallybartfay]

This cut won't help 60 percent of Canadians who have to renew their mortgages and will lose their homes

[Zbezt]

In order to control inflation they need to limit profits otherwise its subject to supply n demand