Recent data has increased our confidence that inflation will continue to move toward 2% target: BoC

Etienne Bordeleau-Labrecque, vice president and portfolio manager at Ninepoint Partners, and Sal Guatieri, senior economist at BMO Capital Markets, joins BNN Bloomberg to discuss the recent BoC rate cut decision.

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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.

[tito]

The canadian government does not incentivise productivity.

[jeremyfitzpatrick]

We all know it's false. Inflation is at least twice as high as reported. They changed how they measure Inflation. Just look at food prices

[Pat_laura]

We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2024, how can we enhance our earnings during this period of adjustment? I cannot let my $680, 000 savings vanish after putting in so much effort to accumulate them.

[tommysong]

Government spending and carbon tax is now the main driver for inflation. Canada economy is doomed.

[aaronwang]

The egg and milk price are rising more than 50% in these two years and have no sign that the price is going to drop. Then they are telling us the inflation is going to fall back to 2%. This government is run by all idolts. 😂

[Deges]

once the interest is at 4% then they will say inflation getting high and that’s that, primary concern BOC is controlling inflation

[XReal]

What ever they say the opposite happens expect a full economic collapse in 2025-2026

[shem]

And unemployment in canada increasing like crazzy cause of an immigration influx.

[argeldelacruz]

Keep it up everyone! Don’t buy anything till we love the price.

[agodelianshock]

I just think its ridiculous that instead of powering through the last of the inflation from the lockdowns we instead decided to add ANOTHER crisis in the form of jacking up interest on all the debt we took during them. So now we have effectively negative growth and defaults in the period when we were supposed to be recovering. The hard part was over, inflation was coming down before we raised the rates, I just can't fathom why we introduced this new obstacle in the 11th hour.

[Green__one]

Amazing how it constantly changes depending on what they want it to be rather than what it really is. They have a so many different measures of inflation that they just pick the one that they want. In this case they're talking core inflation which is the one they use when they want inflation to look low because it strips out all the things that inflate a lot, things like food and energy, because no one actually needs to use either of those things.

[SW-ligd]

We need a new government that do not throw good tax dollars away.

[Bigjohn]

At least 1.5 million dollars for a small townhouse that’s the shelter cost..lowering the rate won’t bring down the housing prices!

[tomtom.]

2 drinks 2 chocolate bars and a bag of chips 20 bucks, feels rough for kids getting a snack, 30-40 bucks for 2 burger meals yikes

[JessT-vgib]

All we need to do is devalue our currency, increase exports and immigration, and a higher carbon tax.

[terrycoles]

The reason they lower the rate is because to many people are losing their homes and the don’t what a rebellion

[tigalbaby]

The cut was certainly supported by the data . But what is now the equilibrium policy rate ? .. the rate at which both inflation and unemployment is stable. If it’s 4% then there are a couple of cuts to come . Good news for savers as GIC rates may stabilize at around 4. 25% . But mortgage rates may remain at 6% for the medium term .

[insanegixxerdude]

Big mistake! But it’s all by design. Buckle up butter cups. There goes the $. If inflation is coming down as they say then that means the economy is doing fine and can support 5% or higher rates? People, they only cut rates just before shit hits the fan!

[dougiep]

Canadian economy is destroyed.. like I said I just had a TD bank draft get bounced