Higher for longer sure didn’t last very long, did it?
The Bank of Canada is expected to cut its interest rate by 25 basis points on Wednesday, amid trade uncertainty with the United States.
Following Friday’s jobs report, which showed the Canadian economy added just 1,100 jobs in February, market bets for a March cut by the central bank went above 80 per cent.
Hold onto your hats everybody! The economy is about to take a giant S@!t!
Congrats Canada! Your nation is emulating their ChiCom masters by manipulating the further devaluation of your currency to make you “competitive” in the world marketplace. My oh my how far how fast Canada has fallen. But you keep booing our National anthem if that makes you all feeeeel better.
Bail ins?
Shrug. 90 percent of the electorate approves.
What’s up with Pierre Poilievre? Does he not know how to properly campaign? He should currently be highly exposed on every media outlet he can find explaining that the policies being pushed by Carney are exactly why things are so uncertain right now. It’s the same inevitable path under different names. It’s dishonest.
And, then he should be following up on why the demands Trump is pushing are the more sure path to avoiding tariffs, and that they are obligations that should have been addressed long ago without a foreign power even bringing them up. He needs to make the argument that his position is a stabilizing move vs. Carney’s position to go from bad to worse to failure.
Who is advising Poilievre? Anyone?
I think it’s Maude Barlowe and the Council of Canadians.
Someone who thinks capitalism is a suicide pact, apparently.
Or seriously believes that Pierre really needs “Ukrainian” Nazi votes to get into the PMO, and can only get them by opposing Trump and the Jews. (If the “Ukrainian” Nazis out west mattered as much as Chrystia thought they did, she’d be Liberal leader today.)
She wouldn’t be leader if she got 99% of the vote, who says she didn’t? The Libranos, i trust them a lot /sarc
Who?
Nutless wonders in short pants who swing hammers like Juthtin.
Orson, spot on. Pollievre should have burst out of the door with guns blasting as soon as Trump made his first announcements and point out all the wrongs commited by the Trudeau regime and what his party would do to right the ship of state.
And he needed to keep hammering that message home.
The solution to everything is ZIRP – even the problems caused by ZIRP.
So, is the independent Bank of Kanada already bailing out the central banker PM?
We’re not quite back at zero, but yes, that’s exactly what they’re doing. Bailing out Carney and his fellow woke capitalists on Bay Street.
There’s never money to make anything that’s technically feasible and that would actually make life better for people financially possible. There’s always more than enough to save our masters from the consequences of their own folly, though.
This will bail out no one, the bond market sets rates and it doesn’t give two f*cks about Tiff. This will just tank the dollar further, which is way too late to help anything. The reccesion is here, and it will run it’s course.
Conversely, parking your money in bonds now is a good move.
As well, the Divvy stocks have woken up, flight to safety has started.
Don’t see the housing market going on fire though, the Libs and their provincial puppets have seen to it that vast uncertainty and insecurity in the future will prevent that.
Carney was the first one to push them to zero, and kept them at zero for much longer than needed.
Re inflate the bubble. Give carney credit for “improving” the economy
If the rates drop down to “affordable” before the election Liberals win.
And no, the Bank of Canada and the government are not independent. They are both WEF puppies.
Backing into a corner from which there is no escape. Anything to maintain the thin fictional veneer of normalcy long enough for Carney to be elected and continue the cycle of destruction.
And yes, I do think Canadians are exactly that stupid. They elected sockboy three times, and that’s three strikes. We’re out.
Long-term bond yields on Government of Canada debt have been declining since the inauguration. Bay Street was expecting this at least since then, and the Bank would probably have done this no matter who was PM (assuming that PM hated Trump more than he loved his children, which is a prerequisite of a career in “public service” here).
Not cutting rates would have propped up the loonie and made Canadian exports even less competitive than the tariffs did.
Of course, cutting rates (by weakening the loonie) will fuel inflation in Canada, aggravating the effects of Trudeau’s tariffs, but only the poor people need worry about that.
Carney has more important things to worry about, like Bay Street’s 2025Q1 results. If he’s serious about being PM for long, it’s Bay Street whom he needs to keep happy and shielded from the consequences of their collaboration with the CCP, not you or I.
Hudson’s Bay on life support represents post national Canada so well.
Don’t Blame the Hudson’s Bay Company. They sold it all a long time ago. God save the king.