Comments on: Bank of Canada May Be Forced To Hike Rates Despite Debt Loads: BMO

By: Andrew Bello

Andrew Bello — Mon, 06 Mar 2023 07:00:00 +0000

Until all the people who drove this madness actually start defaulting we aren’t done with interest rate hikes. Illogical and uninformed purchasing behavior can’t be allowed to continue without consiquences, in addition we can’t let the retiring generation to cash out leaving the rest of us holding the bag. The proverbial bandaid should have been ripped off a decade ago and delaying it any longer will only mean the correction will be more severe. We have waited patiently working, saving, paying our dues and not feeling this insanity, bring on the interest rate hikes the more the better.

By: Simple Man

Simple Man — Mon, 06 Mar 2023 00:11:55 +0000

In reply to richard. We'll be forced to increase our rates following a US fed increase or watch our inflation go higher; everything we import is priced in USD.

By: Simple Man

Simple Man — Mon, 06 Mar 2023 00:08:06 +0000

In reply to Alex. You're right for short duration GIC's. If you take 3-5 year treasury or GIC and inflation is driven back down to 2% range in the next 12 months the saver wins.

By: Josh

Josh — Sun, 05 Mar 2023 02:17:37 +0000

This definitely seems to be the intentional controlled demolition of the Canadian economy. If people think the Bank of Canada is on the side of the plebian masses, they don’t understand the modern socialist state. The intention was always to return to a quasi-feudal system, with the debt serfs on the bottom and the priveleged few at the top, i.e Blackstone, Blackrock, etc.

By: Randy

Randy — Sat, 04 Mar 2023 19:09:23 +0000

In reply to VP. Could you explain how high Interest rates reduce the Wealth Gap? The only thing that improves my income is my employer. I haven't had a raise in a year and I am sure if the interest rates go higher... I won't get another one.

By: John

John — Thu, 02 Mar 2023 22:59:32 +0000

In reply to Joe. Free money from the treasury presses has to stop. Its not sustainable. Its not about the middle class with kids. Its about people living in tents. Dumb money has to learn. They still haven’t got the message yet.

By: John

John — Thu, 02 Mar 2023 22:46:49 +0000

In reply to VP. You’re correct. years of free money has widened the wealth gap. Ridiculous stimulus during the plandemic didn’t help.

By: John

John — Thu, 02 Mar 2023 22:44:24 +0000

In reply to Jerry. The middle class can still afford food. Those most in need are already in trouble!. Inflation needs to be stopped.

By: John

John — Thu, 02 Mar 2023 22:40:50 +0000

In reply to Edward HC Graydon. Unfortunately the federal banks listen to the markets more than people being stretched at grocery stores. I believe the fed is doing some silent QE and the inflation rates are bogus. The rich rule and the people that are whining the most are the ones used to easy money in the markets. All the hack financial advisors out there better sharpen their pencils and get ready to do some work for a change.

By: John

John — Thu, 02 Mar 2023 22:33:19 +0000

In reply to Alex. I’ll take a guaranteed 4.5 to 5% GIC rather than the stock market right now. Inflation is literally killing poor people. You should do some math.