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Forum » Bank of Canada cuts interests rates for second consecutive month
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Thread: Bank of Canada cuts interests rates for second consecutive month

post 1704273561 07-28-2024, 05:39 PM
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Bank of Canada cuts interests rates for second consecutive month

Fed expected to cut in September

Wonder what implications this could have for asset prices

https://www.reuters.com/markets/rate...th-2024-07-24/

OTTAWA, July 24 (Reuters) - The Bank of Canada on Wednesday trimmed its key interest rate by 25 basis points for the second month in a row, bringing it to 4.5%, and said more reductions in borrowing costs were likely if inflation continued to cool in line with forecasts.
The central bank had kept its policy rate at a two-decade high of 5% for almost a year in a bid to combat high inflation.
post 1704273691 07-28-2024, 05:42 PM
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Good I heard Canadian houses were getting too cheap
post 1704282651 07-28-2024, 10:02 PM
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Originally Posted By JackyChin⏩
Good I heard Canadian houses were getting too cheap
Do you think this will cause another ramp up in prices?

The GoldenBull already sold his house thinking the market was going to crash and he’d buy back in for pennies on the dollar
post 1704283421 07-28-2024, 10:34 PM
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Originally Posted By r32gojirra⏩
Do you think this will cause another ramp up in prices?

The GoldenBull already sold his house thinking the market was going to crash and he’d buy back in for pennies on the dollar
lmao
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post 1704283961 07-28-2024, 10:56 PM
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Won't matter, they're shipping in half of India to replace actual Canadians anyways
post 1704283991 07-28-2024, 10:58 PM
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Originally Posted By Zelensky⏩
Won't matter, they're shipping in half of India to replace actual Canadians anyways
What are they doing with the Canadians that are getting replaced
post 1704284031 07-28-2024, 11:00 PM
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Originally Posted By r32gojirra⏩
what are they doing with the canadians that are getting replaced
m.a.i.d.
post 1704284081 07-28-2024, 11:01 PM
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Originally Posted By AlwaysFocus⏩
m.a.i.d.
What’s that mean
post 1704284261 07-28-2024, 11:07 PM
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Originally Posted By r32gojirra⏩
What are they doing with the Canadians that are getting replaced
https://en.wikipedia.org/wiki/Ethnic_cleansing
post 1704284471 07-28-2024, 11:19 PM
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Originally Posted By Zelensky⏩
https://en.wikipedia.org/wiki/Ethnic_cleansing
Oh right this is that thing where they buried them in mass graves at the orphanages or whatever

A bit depressing tho and wildly off topic
post 1704284561 07-28-2024, 11:22 PM
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Originally Posted By r32gojirra⏩
Oh right this is that thing where they buried them in mass graves at the orphanages or whatever

A bit depressing tho and wildly off topic
oh wait you're that one who wants half of China imported into Australia to prop up property values but insists that somehow increasing demand for property also makes property somehow more affordable for actual Australians. LMFAO carry on
post 1704284591 07-28-2024, 11:23 PM
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Originally Posted By Zelensky⏩
oh wait you're that one who wants half of China imported into Australia to prop up property values but insists that somehow it also makes property more affordable for actual Australians. LMFAO carry on
Foreigners aren’t allow to buy existing residential properties

They can only finance new builds

Yes that adds to the total supply

Yes that helps affordability
post 1704284841 07-28-2024, 11:32 PM
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Originally Posted By mtor91⏩
My house is still up 37% from when I bought in Feb 2020 just lol
Are you calling GoldenBull a liar
post 1704285241 07-28-2024, 11:48 PM
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Originally Posted By AlwaysFocus⏩
m.a.i.d.
medically administered death
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