Economic engine just grinding to a halt as the wobbly wheels start falling off. We’ve been running this country as a ponzi scheme based on real estate and immigration. Our industry has been neglected and our government has declared war on our natural ressource sector.
1995Gruti on
50bp rate cut incoming.
The main driver is gasoline prices. The article notes that inflation was 2.2% if gas is cut out, same as August.
Safe to say the battle with inflation has been won against the spending from post-covid mania. The BoC rate can return to a neutral position, and my guess is it will very quickly. Betting on sub 3% by the end of 2025, if not earlier.
Party up in here for those that took 5 yr mortgage terms in 2021. Talk about luck in threading the needle.
ComfortableSell5 on
While good, below 2 percent isn’t great, below 1 and you’re flirting with deflation.
Probably more evidence the BOC was a touch too aggressive with the rate hikes.
doogie1993 on
Can’t wait to see PP’s argument that this is actually bad and how what he said a few months ago about inflation being too high was taking out of context by the librul media
4 Comments
Economic engine just grinding to a halt as the wobbly wheels start falling off. We’ve been running this country as a ponzi scheme based on real estate and immigration. Our industry has been neglected and our government has declared war on our natural ressource sector.
50bp rate cut incoming.
The main driver is gasoline prices. The article notes that inflation was 2.2% if gas is cut out, same as August.
Safe to say the battle with inflation has been won against the spending from post-covid mania. The BoC rate can return to a neutral position, and my guess is it will very quickly. Betting on sub 3% by the end of 2025, if not earlier.
Party up in here for those that took 5 yr mortgage terms in 2021. Talk about luck in threading the needle.
While good, below 2 percent isn’t great, below 1 and you’re flirting with deflation.
Probably more evidence the BOC was a touch too aggressive with the rate hikes.
Can’t wait to see PP’s argument that this is actually bad and how what he said a few months ago about inflation being too high was taking out of context by the librul media