Economic analyst DT Cochrane gives his opinion on the Bank of Canada's decision to hold the key interest rate at 4.5 per cent.
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They will increase by July
What relief? I dont feel relief, still cant feed my family with 2 jobs, absolutely everything costs so much more>behind on my bills, and just another kick in the teeth when every food item I buy is shrinking in size>corruption is never ending
every freakin holiday costs me money I dont have>its surreal trying to afford a holiday when we cant afford to eat
turns out we actually need those small businesses eh?
Raise the rates, only way to drop inflation. Plus I’ll make more interest on my money 😂
wasup fool, at some point you will realize that there are no customers interested in borrowing your saved money at any interest rate you might think appropriate, when the Bank of Canada steps in at every turn and underbids your offer. (The Bank of Canada offers to loan money at a lower interest rate than any you might ask for.) And the Bank of Canada money is not accumulated earnings, but money created by the BoC through the issue of sovereign debt. This debt is never seen or considered by the debt market because it remains permanently on the BoC books. No one wants, or is willing to pay to borrow your money! Probably hurts a bit to hear this.
There is no free market price discovery mechanism for BoC debt and the interest rate they set. When you understand this you understand why an (in)famous banking family said they required no gov’t powers to control a nation, just control of their central bank.
@Michael Cohen slow clap
Atsa nice
Inflation is softening? Hey, it’s April 12th not April 1st.
Give or take couple of weeks to see real trend.
MIddle class =
Wait for the can dollar at 65cents………
Criminal overlords.
BREAKING NEWS WE ARE DOOMED😂
Ya inflation is not bad if you don’t count food housing and energy.
Stuff it!
If they tell you everything is ok it’s actually the opposite.
Drop the rates please.
Lots of jobs at the self check outs 👍🤣
What going to happen to Justinflation? Its just going to stay high? OH! I get it. Then can print more money to give away to Ukraine. While Banada has no balanced budget for years to come.
Inflation is already at 80’s levels. Gasoline price is artificially low, just wait and see. BOC made a big mistake. Interest should be 10%
interest rates should keep increasing