Expect BoC rate cut on July 24th: economist

Robert Kavcic, senior economist at BMO Capital Markets, joins BNN Bloomberg to discuss Canada's CPI data.

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[KarenLavia]

Rate cuts was suppose to 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.

[ejayguo]

3:32 Econmist: we see clear disinflation pressure and it is on a good side.

Me watching a Big Mac Combo just costed me $12 + $1.5 for tax. I don't see any disinflation happening and I don't believe this Big Mac would be cheaper in the next 10 years. These economists are delusional and high. 😂

[namkebanyanklariti]

Out here on these streets:Unless the BoC cut rates by 50 bps, they might as well dont bother. 25 bps will not get people off the fence to buy homes, etc. 25 bps won't stop 60k plus realtors from walking away from the profession. 25 bps wont stop the avalanche of wide spread layoffs and bankrupties and mortgage defaults; 25 bps will not stop Canada from caving in with the US. Australia and New Zealand are already caving, Japan is caving, China is caving, Europe is bursting at the seams. Inflation is trending down even though corporations and foreign lobbyists are pushing the politicians to up with the efforts in Ukraine and Palestine to keep oil prices up. The Canadian economy is going down like the titanic and all Tiff is doing are incremental foolishness like the last time. Only a 50 bps rate cut can plug the holes on this ship to even stand a chance. Fall is around the corner when gas prices are going to boil down even further. Nobody has money to buy houses or a second home anymore. Foreign investors are running away from the Toronto and Vancouver real estate market leading to piled up unsold homes nobody wants to buy and will have to take massive losses. Why is Tiff still the governor of the BoC? He doesnt know when to put his foot down and he doesnt know when to drop the hammer. When you spend too much time in the ivory towerd you kinda miss what is really happening on these mean streets.

[bilko_]

10% mortgage rates Q4 2025. And theres nothing BOC can do about that!

[gmarks]

2.7% is still 0.7-1.7% OVER target, so BOC just going to move the goal posts again?

[babba]

put rent into cpi with 40% weightage, then count cpi..

[mikewest]

And I feel like this guy is protecting his boss.
Like a 1/2 would tell us the economy is failing!! We know it is. Jokes!!

[mikewest]

So can we use the basket of goods that we used for 50 years?
Still chicken and no steak??
Go away. Clown show!!

[ajithantony]

Rise the rates back to 5. These economists are liers

[babba]

just say to citizens buy house or go to hell

[georgehiotis]

Watch the Canadian dollar tank like a rock in the great lakes.

[iitsEfnisien]

they've expecting a rate cut since the beginning of this year

[Relaxlifeisshort]

Economist wrong as usual
I called this a long time ago
Not because of inflation its because of unemployment

[VancouverVince]

Canada just needs affordable rent which would be $600/ month for fixed-income people. No province is considering this when doing formula calculation for affordable housing.
PP is right NIMBY is the root cause of unaffordable housing.

[tidy]

A quarter of a point? Big deal! That will not help any Canadians!