Quote:
Originally Posted by GullFoss
I'd prefer they leave rates unchanged until inflation is at or below target.
Tiff "inflation is transitory" Macklem inspires zero confidence with this move, like many of his moves. While the media plebs and politicians will applaud it, if inflation ticks up, the BoC will lose even more credibility
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Well you take away mortgage interest and rent, and inflation is below target. What the BoC will monitor closely is what this decrease will do to real estate prices, as there are A LOT of buyers sitting on the sidelines waiting for rates to fall.
Curious to see what the Fed does on the 12th. Much more resilient south of the border, but there are some signs of a weakening economy.