Comments on: The Bank of Canada May Need 8 Rate Hikes To Combat Inflation: Scotiabank https://betterdwelling.com/the-bank-of-canada-may-need-8-rate-hikes-to-combat-inflation-scotiabank/ Canada’s Fastest Growing Real Estate News Source Thu, 09 Dec 2021 14:07:31 +0000 hourly 1 By: Sajjad https://betterdwelling.com/the-bank-of-canada-may-need-8-rate-hikes-to-combat-inflation-scotiabank/#comment-76333 Thu, 04 Nov 2021 15:22:24 +0000 https://betterdwelling.com/?p=18635#comment-76333 I think, current “Inflation” outlook won’t be persistent due to the fact that it is tied to low Labour Participation rate and Supply Shock. Both of the reasons are transient in nature .. once Govt. support is lifted , you will see a boost in labour Participation rate.

]]> By: D https://betterdwelling.com/the-bank-of-canada-may-need-8-rate-hikes-to-combat-inflation-scotiabank/#comment-76321 Wed, 03 Nov 2021 22:35:14 +0000 https://betterdwelling.com/?p=18635#comment-76321 These people never get anything right or are deliberately spreading misinformation so they profit. Probably the latter.

]]> By: D https://betterdwelling.com/the-bank-of-canada-may-need-8-rate-hikes-to-combat-inflation-scotiabank/#comment-76320 Wed, 03 Nov 2021 22:21:46 +0000 https://betterdwelling.com/?p=18635#comment-76320 In reply to Marc Price.

If that’s the case then THEY are okay with destroying the Canadian dollar which has never once defaulted. THEY want to replace our currency with a digital token currency issued directly by the central bank and the only means of using it will be through your phone, oh and btw each token will have an expiration date so no saving for you unless you buy a bond. I hope this doesn’t happen but it might.

]]> By: D https://betterdwelling.com/the-bank-of-canada-may-need-8-rate-hikes-to-combat-inflation-scotiabank/#comment-76319 Wed, 03 Nov 2021 22:18:55 +0000 https://betterdwelling.com/?p=18635#comment-76319 In reply to Old Greg.

Commodities will crash in deflation.

]]> By: Rahul https://betterdwelling.com/the-bank-of-canada-may-need-8-rate-hikes-to-combat-inflation-scotiabank/#comment-76292 Wed, 03 Nov 2021 00:28:35 +0000 https://betterdwelling.com/?p=18635#comment-76292 Let them raise it, by the time they are on to their fourth hike, I think they will panic and see that the economy is negatively affected and will either hold the rates steady or even reduce the rate. I don’t think they will do 8 rate hikes by end of 2023. Inflation will likely stabilize around 2% by beginning of 2023.

]]> By: Flipg https://betterdwelling.com/the-bank-of-canada-may-need-8-rate-hikes-to-combat-inflation-scotiabank/#comment-76287 Tue, 02 Nov 2021 17:16:10 +0000 https://betterdwelling.com/?p=18635#comment-76287 The Canadian Economy is a Nightmare. Lockdowns & Cerb combined with Financial Repression will continue to maul the Middle Class for years to come.

Oil and Gas are being trampled. Say goodbye to Alberta, the previous economic engine of Canada.

What’s on the radar? Austerity for the Masses. Meanwhile, while Us Little People are walking to work and shivering in under heated homes, Private Jets and Rocketships of Those Who Got Us Into This Mess will continue to pump more carbon into the atmosphere than entire nations.

]]> By: Trader Jim https://betterdwelling.com/the-bank-of-canada-may-need-8-rate-hikes-to-combat-inflation-scotiabank/#comment-76286 Tue, 02 Nov 2021 15:04:51 +0000 https://betterdwelling.com/?p=18635#comment-76286 Let’s get to 1 hike and see how we’re doing. I get the feeling the Canadian economy might start to stumble after just removing QE.

]]> By: vnm https://betterdwelling.com/the-bank-of-canada-may-need-8-rate-hikes-to-combat-inflation-scotiabank/#comment-76273 Tue, 02 Nov 2021 10:59:36 +0000 https://betterdwelling.com/?p=18635#comment-76273 Sounds like when BNS told it’s customers they were richer than they thought they were, they actually believed it.

]]> By: Old Greg https://betterdwelling.com/the-bank-of-canada-may-need-8-rate-hikes-to-combat-inflation-scotiabank/#comment-76272 Tue, 02 Nov 2021 10:26:51 +0000 https://betterdwelling.com/?p=18635#comment-76272 So this is how it works… Inflations is created when you try and create a free lunch out of printing money… Why you would buy a house at all time highs with all time low interest rates, did people not see this coming a million miles away? I sold everything to the greater fools and went all in on commodities, it’s seriously a no brainer people… It’s OK to think for yourselves although its really hard when you have central bankers spoon feeding the public dog shit!

]]> By: Marc Price https://betterdwelling.com/the-bank-of-canada-may-need-8-rate-hikes-to-combat-inflation-scotiabank/#comment-76268 Tue, 02 Nov 2021 02:53:22 +0000 https://betterdwelling.com/?p=18635#comment-76268 Hiking rates to 2008 levels only doesn’t make sense to people that don’t realize they let inflation run to 2003 levels. Like repeating inflation is transitory, this isn’t because they don’t understand what’s happening. They very much know what’s happening, and since inflation is a tax — they’re letting it burn away the debt they took out.

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