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  • Economists warn Bank of Canada rate cut could erode loonie’s value

    From theglobeandmail.com

    A potential rate cut by the Bank of Canada this week risks undermining confidence in the Canadian dollar, some prominent Canadian economists have warned. Never before has the loonie fallen so far, so fast, against the U.S. dollar as over the past two years. “Currency instability has become a concern, and we think the Bank of Canada must take note,” National Bank Financial chief economist Stéfane Marion said in a report on Monday. “In our view, the Bank of Canada would be better to keep its powder dry this month and act, if need be, after the next federal budget when it will be better able to assess fiscal ... (full story)

idiots
Quoting long-short
idiots
agreed...
Idiots, don't know who hires or appoints these people but after a 45% decline in CAD buying power I'm surprised a Canadian mob hasn't thrown them off of a bridge yet. BAAAAH
Be humble or be humbled.
"Bank of Canada rate cut could erode loonie’s value" as my kids would say "Captain Obvious"
Escort services from the hottest college girls in Canada have held rock steady in the $250-$275 range... in line with the annual core inflation of 2.0%
Quoting Zer0sum
Escort services from the hottest college girls in Canada have held rock steady in the $250-$275 range... in line with the annual core inflation of 2.0%
LMAO, I agree, I was shaking my head at the notion of a rate cut.. CAD sentiment is already extremely low, why bury it further with a cut, will that quarter point fix our economy?
Trade like a sniper not a machine gun
I think this is just to manipulate market. For instance, now the expected rate is .25% and when BoC releases its unchanged rate at .50%, it will boost CAD$ to recover its dignity.
raise rates stop screwing all the pensioners, savers and the pensions of all Canadians -- if a business can't make money with interest rates at 4-5% why are they in business...
Quoting Fadhl
I think this is just to manipulate market. For instance, now the expected rate is .25% and when BoC releases its unchanged rate at .50%, it will boost CAD$ to recover its dignity.
expectation's are still high that BOC will cut, anyway if they don't its another gameplan then right..
Royal Bank and others banks increased this week their mortgage rate! If there is a rate cut, how can we explain their mortgage increase rate?
Quoting okie dokie
expectation's are still high that BOC will cut, anyway if they don't its another gameplan then right..
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