GDP Growth Falls Short – Will This Tip BoC Rate Decision?
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In this episode, Canada’s GDP growth misses expectations, prompting potential interest rate cuts by the Bank of Canada. The economy grew at an annual rate of 1.7% in the first quarter, below the forecasted 2.2%, with fourth-quarter growth also revised down. This crucial GDP report influences the Bank’s imminent interest rate decision.
Also in this episode:
🛏️ Lower rates might spark a surge in the Canadian housing market, but affordability challenges remain.
⛽ Algorithmic collusion is leading to higher prices at the gas pump, raising concerns about digital price-fixing.
✈️ Air Canada pilots seek federal intervention amid stalled contract negotiations, aiming for better pay and conditions.
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by Beavis Wealth
simple network management protocol
There's a great way to combat dynamic pricing. Boycott all these big companies and encourage local small businesses that write their prices by hand on a board or a sticker.
Rate cut happened! Thanks Marc.
Yeah, gas buddy is brutal. Always higher when you search it.
Fent dealers bout to buy all of Vancouver
Great update Marc 😉
Thanks for the great video Marc.
How about the BoC doesn’t import inflation from the US
I stopped listening to this video the moment you mentioned the Royal LePage survey. Their reputation is this bad.
Rates need to go higher, not lower.
I think it would be bad to move after all this hard work. Hope Tiff BOC holds the rate. The consumer debt in Canada is epic to the point of reckless, it is the elephant in the room.
When mortgage renewal starts kicking in there will be people walking away from overpriced houses.
The boc is not interested in giving relief to the public
Dang…I have a GIC coming to maturity on June 12. I'll be watching the BOC decision on Wed.
A rate cut means trouble. They don't do it to be nice. Rates get cut if the BOC realizes they need to fix the economy.
Once the rate drops by a 0.25%, all of us will rush out to buy 2 houses for each household.
The US is not cutting rates this year I said this at the beginning of the year people just keep throwing it out there hoping they decide to eventually do it
Whats expected to happen on stock market prices if interest rates is cut?
The USA held there rate with no cut I’m hoping Canada follows for a little longer, if we get a cut I truly feel we will get more inflation at this time, I think they need to wait
No a cut will bring back inflation.
Bring on the rate cut
We’re helping our daughter to buy a condo in our area. (Lasalle, On. Very very deep southern Ontario).
Her mortgage will kick in sometime in July so we’re really hoping an interest rate cut will result in some kind of lower rate for her.