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In this episode, the Federal Reserve maintains its crucial rates of interest between 5.25% and 5.5%, but hints at a possible rate cut in September. Financial indicators reveal growth, though job gains have actually slowed and inflation remains elevated. The Fed is focused on achieving optimum work and 2% inflation.
Likewise in this episode:
A brand-new study reveals that converting Airbnbs will not considerably impact Canada's real estate crisis, with less than 1% of housing stock affected.
TC Energy sells a 5.34% pipeline stake to 72 Native neighborhoods for $1 billion, intending to lower financial obligation and fund investments.
Condo rents in Greater Toronto and Hamilton decline by 1.2% for the very first time in three years due to increased completions.
Thank you to the sponsors these days's video:
BMO Global Asset Management, BMOGAM:
Fawcett Mattresses:
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Gdp/person falling 7 quarters in a row. Middle of A Recession
Not impossible
What does rate cut means
Did you… watched the video? 👀
And the Canadian dollar has dropped since BOC did a rate cut. Expect an inflation increase do to buying power of CDN dollar. BOC should be doing cuts with FED to protect dollar and buying power
Thank you Marc for these reports.
Thanks for the video Marc… With the expectation rate cuts will begin at the next Fed meeting 7wks from now, do you have an opinion on increasing exposure to longer term bonds at this point in the cycle (or possibly moving short term bond exposure to longer term)? Sorry to be U.S. centric, I know BoC already started your cuts.
Full disclosure – I started increasing my l/t bond exposure thru Schwab & Vanguard ETFs many months ago. I haven’t sold any of my shorter term bond funds yet and likely won’t anytime soon. Appreciate hearing your thoughts.
Scott! Have you downloaded Blossom yet?
– Brandon
@@beaviswealth – Downloaded, but not officially signed up yet.
ouff!!! that’s harsh. but we need to know. thanks for the video Marc.