Comments on: Bank of Canada To Hike Rates, Leave Door Open For More: BMO

By: Yasmeen Nayyar

Yasmeen Nayyar — Wed, 25 Jan 2023 16:02:09 +0000

This is the pure corruption by govt. Why they are putting burden on homeowners and new home buyers instead of revealing data of big corporation’s tax evasion. Why this government doesn’t have any set policy? Why did you close your oil field and importing oil from US and middle east? Why you put ban on new jobs and why only Indians are being appointed in the immigration department? Why govt. Is so failed in any new projects? Why businesses are being closed in Canada? Only Walmart from the US will be running in the future zellers, target, sears, bay all canadian businesses are out of the market. This is the most worst times in the industry. This moron govt and its extreme dependency on US will leave Canadians in the middle of no where. Canada has more reserves in water but water bills are still so high. Cheap producer of electricity again hydro is way more expensive than past. Groceries and other essentials are taxed. Why they want more people to come to Canada every year when they can’t manage their in land human capital?

By: Marco

Marco — Tue, 24 Jan 2023 20:16:08 +0000

Finally Rates normalizing. Expect 5-7%. Banks won’t be going down long time. Normalcy is taking place. ✅

By: Ayinde Jooda

Ayinde Jooda — Tue, 24 Jan 2023 00:43:12 +0000

In reply to J. Okay

By: J

Mon, 23 Jan 2023 23:30:29 +0000

0.25 above 4% old neutral. Rates have 2/3% to go before inflation aka fear sets in. People with money are still spending and businesses are too to keep/steal younger workers from competitors. Boomers retiring en mass = spare salaries to capture future growth: 30-40 year old workers.

Remember, Canadian businesses have to compete with American dollars being flung around willy nilly after epic money printing by the fed.

By: Khurram Butt

Khurram Butt — Mon, 23 Jan 2023 18:16:29 +0000

Perfect! Make capital less accessible, thus retarding investment in business development and working capital, thus leading to more layoffs, thus leading to more misery, thus leading to fire-sales.
Why did the govt not use the previous easing to increase industrial activity? Why is all the blame (and pain) being put on the most unorganized lobby i.e., the home owner? How come we’re not being shown any data on corporate profits in 2021-2022, to see whether inflation was caused by a real estate market gone nuts or by increase in corporate profits during a taxing time? Why is a net producer country not able to reduce prices at the pump?
Look at how much money your cronies made, and you wouldn’t have to raise rates so much!

By: CD

CD — Mon, 23 Jan 2023 18:03:37 +0000

The headlines are creating the narrative that this hike is the end! Between that and tech layoffs, the markets have never seemed happier.