BoC rate cut possible on Wednesday

Brooke Thackray, research analyst of Global X, joins BNN Bloomberg and talks about the Bank of Canada possibly doing a rate cut on Wednesday.

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[tatianastarcic]

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.

[DiggyT]

Rates should be going up, people are too comfortable with free money. Canada's economy is being diluted for pollitical gain.

[AbeySampson-owpz]

Interest rate go down home prices gone by $40 to $50 thousands, young Canadians born in Canada never ever going to be home owners.

[JessT-vgib]

The central bank of Canada isn't going to cut rates people.

[paulinebowen]

Interest rate is normal, what is not normal is house prices. That is what needs to cut/drop.

[peej]

Yep not cutting. Markets would love nothing more than to start borrowing again. Which the boc does NOT want

[Bushy-xz]

Back in 1983, relatives of mine took out a 11 3/4% interest rate. They just bought a house they could afford, imagine that?

[MR-rf]

Rate cuts are the final nail in the coffin for liberals.

[mattpukas]

They will probably hold again. Think they need to see more data.

[AbeySampson-owpz]

Home prices has to come down 40 to 50% interest rate can stay 5% does not matter.

[lookanabeauti]

Better be nice and respect your parents cause you gunna be there a long time. Whatever happens these house prices need to drop. Leave the rates as is for 2024.

[nairnbaker]

.25 cut is nothing at this point. The economy will be strengthened and the overleveraged people will be strengthened.

[nonasmith]

Nope the Bank of America stated they are holding interest rates Canada will follow

[turbofanlover]

Canada is in trouble no matter what they do. Buckle up, y'all.

[DardanEmini]

Cutting this soon will look terrible when it looks wrong, especially when the Fed has decided not to cut. Brooke has great points.

[SkyRanger]

Inflation was flat only for couple of months and last year boc called it out that bringing cpi down 2 was going to take some time. No surprises here

[Bushy-xz]

If interest rates are cut, housing prices and inflation will skyrocket. No cuts!

[relax-iemp]

The commentor said, 'Why not wait one more month?'

Robot has no feeling for others.
Poor people can't wait. Mortgage renewal can't wait. Recession can't wait.

[derek]

Ha ! They'd be drunk if they cut right now. Our dollar can't afford it.

[Rawdiswar]

Possible but not probable. Bet against.