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In this episode, we dive into the Bank of Canada's latest decision to preserve its over night rate target at 5%, amidst indications of financial stabilization and predictions for development rebound in 2024.
Also in this episode:
– The firing of Royal Bank's CFO could lead to significant monetary losses due to concealed relationships and preferential treatments.
– ⚡ U.S. inflation rates continue to challenge, making rate of interest cuts by the Federal Reserve not likely in the near future.
– Canadian regulators are increasing scrutiny on insurance-pharmacy offers, aiming to safeguard patient care over business interests.
– iPhone 6 and 7 users in Canada might be qualified for compensation from Apple over a class-action suit settlement concerning software application problems.
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First
Before I watch I just want to say I have no idea why people thought that rates would get cut in early 2024. The goal is for long-term inflation to be at 2% and long-term inflation could not get to 2% by early or 2024 we actually need to see an inflation underneath 2% for it to average out to be long-term 2% if cuts are to be made this year
And if they did it would have been worse because they’d need to bring it even above 5% later
No surprises for the rates announced today. Thanks Marc.
I’m back… thanks Mark… excellent forcast and detailed data… watching.
Thanks for the great video Marc! its awesome to have someone like you speak so clearly about our economy!
Agreed!
Any plans to add National Bank Direct Brokerage support to the blossom app?
They don’t use logic they use terra cards. Duh
Food prices are way higher than what they’re saying
I find them cheaper then last year…prices have really come down where I live
I think it depends where you live, and what your buy, my 2023 groceries were only 5% higher than my 2022 grocery expenses.
Of course they are. It’s not called the CP-Lie for no reason
What about the shrink inflation? Sure prices have slowed however the volume is smaller
How can an economy grow in a recession lol, become a recession is already here.
Great job and can’t wait for the Blossom announcement!
People don’t understand that the prices of things are never going back down. This inflation is deeper than we think. Those buying groceries are well aware that the real inflation is much over 10%. The increments don’t match our income, yet certain investors still earn over $365,000 in stocks and assets. Wish I could accomplish that.
🎉Financial planning is like navigation. If you know where you are and where you want to go, navigation isn’t such a great problem. It’s when you don’t know the two points that it’s difficult
What logic does the bank of Canada have for not buying gold to protect Canadians
Because that’s idiotic.
Im sure for April we will see an inflation hike due to carbon tax increase and no reduction in June
I’m just wondering what the BOC will do in June? I have one GIC maturing in that time, and would like to add more at a descent rate. Thanks Marc for your valuable input 🙂
HODL
I don’t get these rates. My son just bought a house and he is locked at 3.7% not sure for how long, is it variable and if it’s an open loan.
How is it locked when its Variable?.
@@workingtools2999 he is building and it will be ready in December and locked the rate till December if it goes down it will go down and if it goes up it will stay at 3.7%. maybe I should have said guaranteed
Does the bank also bring into this equation that the current government keeps spending l money like it grows on trees and with the upcoming budget we will no doubt see no fiscal responsibility.
Boc has no balls to make a decision other than Fed reserve.Just follow Fed not BOC
Follow the bond market not the BOC that way you wont care
Amazing use of my time rather than scrolling through BNN or CBC. Can you also run macro economic news of US financials as you know Canadian are more or less dependent on US economy