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In this episode, the Bank of Canada has actually made a major relocation by cutting its policy rate by 50 basis points, bringing it to 3 3/4%. We discuss why this decision was made, the financial elements at play, and what it might indicate for Canada's economic future, consisting of the possibility of more rate cuts ahead.
Also in this episode:
Starbucks faces its third successive sales drop, triggering a new strategy, while McDonald's deals with an E. coli outbreak connected to its Quarter Pounders.
Thematic ETFs in Canada struggle as financiers shift to broad stock criteria like the S&P 500, going after record highs.
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They should be cutting 50 basis points every month for next 6-8 minimum
That would be insane. No thank you
You sound smart
so you are saying we should go back to 0% or even negative interest rates? Low interest rates and free money were what got us here and now you want to go back? You don’t even know they cut rates on scheduled meetings, not every month. You sound delusional. Are you serious or this is a bait?
That’s literally Girl Math.
Ahh no!
I definitely think more rate cuts are coming.
Rates are goimg to 10% end of 2025.
@@bilko_4732 Are you out of your mind?
@@bilko_4732that’s ridiculous
Another 0.25 cut in December
Nope, .50
@@rockysingh2749 How can you be so sure? We need to see the data for October first.
@@user-ld6wo4rv8h inflation dropped to 1.6% deflation incoming
@@rockysingh274950 is definitely a possibility, but 25 bps for sure
Will be 0.75
I just don’t see why i would go to starbucks
Shows how quickly things can shift in the market!
Matt McKeever… what are you up to these days? Still in London?
More aggressive rate cuts are needed. I will not be spending money on renovations only because of shrinkflation. Canadians are not getting their moneys worth.
With raw products in the coffee markets at an all-time high, Starbucks has more to worry about. Their current pricing, compared to Tim Horton’s in Canada, is totally out of touch. With a latte costing more than 7 bucks CAD it is no wonder there is pressure on the consumer through the door.
Personal choice to buy Starbucks, supply & demand. Is a Starbucks latte worth 2x that of Tim’s or McDonald’s? Maybe but it’s a want not a need.
I haven’t bought a coffee from a coffee shop in years. Home brew is the way to go.
WHAT? Stories about Starbucks and Mickey-D’s… but nothing on the Canadian company A&W… they just went thru a big change. I must express my displeasure.
Thanks for the heads up Marc!! Great video.
Thank goodness rates are on the way down!! I signed a variable rate mortgage in November of 2021. The rate hikes had my mortgage + $1,200 per month at the peak! Keep them coming, bank of Canada. Us with variable mortgage rates need them. Appreciate the update!
Why did you do that when rates had nowhere to go but up?
Back in 2022 the bank rates went up and Bond ETFs went down.
So today the bank cuts its rate and Bond ETFs went down – weren’t they supposed to up?
What happened with that inverse relationship?
the bond market in Canada is following the bond market in the US. The bond market rallied before the 50 bps cut in September then sold off after. The market is being cautious, whether 50 bps is so aggressive that inflation might stall or even go up again and as the election is near, the concerns about who is going to be in the office, how they are going to reduce spendings and close the deficits and what their policies are because they can cause inflation and widen the US deficits
People just dont want to do business in Canada. Making money cheap doesnt solve that when productivity is in the trash
Rip HISA
Starbucks and Mcdonals took a huge hit because of the boycott
I believe a 50% Rate Cut in December in 2024.
People overcharged for everything and people are sick of paying ridiculous prices.
Thanks Marc!
Stagnant wages and demand destruction won’t allow for any growth. Personally I’m making the same wages I did in 2016. I’ve opted-out of the economy.