How will new POSITIVE Inflation Data Affect BoC Decision?
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- Äas pĆidĂĄn 1. 07. 2024
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In this episode, we dive into Canada's economic landscape as February sees a surprise drop in the inflation rate to 2.8%, coming in lower than economists' predictions and signaling a move towards more affordable living costs for Canadians. What affect will this new data have on the Bank of Canada's next rate decision?
Also in this episode:
đșđž The US Federal Reserve holds interest rates steady, maintaining the target range while noting solid economic expansion and easing inflation.
đ TD Bank partners with HDFC Bank in India, aiming to attract international students to Canada by easing financial prerequisites for study permits.
đŻđ” Japan raises its key interest rate for the first time in 17 years, shifting from negative to slightly positive rates amidst wage growth and inflation concerns.
đ° Canada and Google reach an agreement on the Online News Act, ensuring annual payments to Canadian news organizations, preserving access to local news online.
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Carbon tax is going up 23% on April 1st. Regardless of how much the BoC lowers interest, cost of living is becoming harder for majority of people in Canada
And standard of livings also been going up
That equates to 3 cents a liter more
@@Azel247 - average cost of gas in toronto is 147.9 (according to ontario.ca). adding another 3 cents to make it 150.9 is substantial, regardless of how you look at it. The trucking companies moving groceries for you will offset the cost. The farmers who are getting slammed by the extra taxes will offset the cost to consumers. Gas heating (which most of us are on) will go up. This tax does nothing but make everyone worse off.
When the carbon tax goes up, I make more money off of the rebate. What's my secret? I try not to pollute so much.
â@ishmaelmcgoo2945 how do you get to work when it's -30 and there are no trains?
thanks for the great video Marc. awesome free knowledge!!! as always.
Looks like a good time to be adding to stocks like TLT
You have a tell when it comes to make recommendations...big longer eye blink seems to indicate something you don't really believe in or are just promoting due to other potential reasons. Just an obversation here as I think your overall intentions are honest and good.
no one is talking about the increased sales taxes collected with all these increased prices... in Nova Scotia, the list of what is taxable keeps growing also
Are you buying the BMO etf?
Is US interest rate cut off today or cancel?
Great...... more international students that just what this country needs. Everyone from the Educational Institution to the banks are seeing these people as wallets. Fair enough, but when a lot of these students are living in squalid conditions works horrible jobs one has the question the motive of the higher ups
rates not going down for atleast a year.
I dont know how the inflation is falling down???
Previous 2 months in BC the petrol price was 150 cents and now its 198. Everything we purchase in walmart and supermarket, food prices have not even fallen
Inflation going down doesn't mean prices are going down. It means prices are going up slower. Bummer eh?
The main line is that everything is still increasing in price, some might be lower, most are still taking large bites out of the budget for families. Needless to say that the 23% increase in carbon tax will set the prices skyrocketing.
Nonsense, it barely affects the price of most things. Gasoline will increase by 3 cents per liter and that's one of the most polluting things. All you have is hyperbole.
Big echo in the sound or is it just me
Not just you
Thanks for your feedback. If you have a minute, please have a listen to the video I posted just after this one, (Canada's Productivity Crisis...) and I'd appreciate your honest opinion on the sound quality. I made some changes and hopefully it improved. Looking forward to your feedback. Thanks.
yo fella the inflation rate in 2016 was 1.43% no? how is it lower at 2.8% something am missing or what?
"yo fella" đ