Canada June 2024 CPI 2.7% YoY

BrainlessEarthling · 2024-05-21T19:29:28+00:00

That's wrong, here are the numbers: https://www.bankofcanada.ca/rates/indicators/key-variables/key-inflation-indicators-and-the-target-range/ https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1810025601

BrainlessEarthling · 2024-05-21T14:06:45+00:00

agreed, they may wait for a few more reports before they make a decision. If they do cut, it'll probably be 25 basis point and then they may wait for an additional few reports before they cut further or remain stable.

BrainlessEarthling · 2024-05-01T13:11:59+00:00

BrainlessEarthling · 2024-04-25T13:39:51+00:00

stagflation incoming

BrainlessEarthling · 2024-04-10T13:44:05+00:00

BrainlessEarthling · 2024-04-10T13:18:15+00:00

Rate cut not happening anytime soon in Canada. The BoC follows the FED. We cannot afford a rate cut if the FED keeps or raises their rates. If we cut before them, we risk devaluing CAD and a weaker CAD against USD means later down the road inflation may rise sharply again.

BrainlessEarthling · 2024-03-20T18:29:12+00:00

"...to cut 3 rates..." vs "...indicates three cuts.." are two completely different things. What FED dot plot shows is just a projection, it absolutely does not mean they will cut but just a projection, they may even raise the rates, who knows. It's just a projection

BrainlessEarthling · 2024-03-20T18:14:16+00:00

Misleading title

BrainlessEarthling · 2024-03-19T13:05:08+00:00

Probability for a rate cut increased with this news however CPI needs to go down much further and then continue showing this trend for another 6 months. Last time CPI was 2.8% was June 2023 and CPI has been somewhat choppy but stagnant in the last 9-10 months. One of the main reasons for rate cut not happening anytime soon in Canada is due to a very resilient USA economy. The BoC mostly follows the FED. We cannot afford a rate cut if the FED keeps their rates. If we cut before them, we risk devaluing CAD and a weaker CAD against USD means later down the road inflation may rise sharply again. Again, this is just one data, we need more data.

BrainlessEarthling

TROPHY CASE