Inflation rates are slowing and relatively stagnant, the interest rate hikes have done their job, though I find it really odd how Canadians banks were so quick to price in interest rate cuts just because the US feds hinted at rate cuts, Canada 5 year bond went from 4.36% to 3.17% and 5 year fixed mortgage rates dropped
Canada's situation is much more precarious than the US's due to our government's poor policies and our interest rates are a full 50 points below the US. It makes zero sense to cut rates right now.
I mean TD is predicting 6 BoC cuts this year based on forecast, that's ridiculous.
https://www.theglobeandmail.com/inve...n-and-falling/