#canadianeconomy #investing #realestate
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In this video, Yasin is covering the latest inflation report and probability of any potential rate cuts.
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The latest inflation data released by Statistics Canada has shown a slight decrease in the country’s inflation rate for the month of February. The Consumer Price Index (CPI) rose by 2.8% year-over-year, down from the 3.0% increase in January. This is the first time that inflation has dropped below the 3% mark since November of last year.
The decrease in inflation can be attributed to lower prices in categories such as clothing and footwear, as well as a moderation in the cost of food. Gasoline prices also saw a decrease in February, which helped offset some of the price increases in other sectors.
Many economists are now speculating that the Bank of Canada may consider cutting interest rates next month in response to the lower inflation numbers. The central bank had previously raised interest rates five times since mid-2017, but has recently taken a more cautious approach due to global economic uncertainties.
A possible rate cut next month could help stimulate the Canadian economy, which has been facing challenges such as slowing housing markets and trade tensions with the United States. Lower interest rates could encourage borrowing and spending, which in turn could boost economic growth.
However, some analysts are warning that the Bank of Canada may choose to hold off on rate cuts for now, as inflation is still within the target range of 1-3%. Additionally, the bank may want to see more data on economic indicators before making any significant policy changes.
Overall, the decrease in inflation to 2.8% for February is seen as a positive development for the Canadian economy. The potential for rate cuts next month could provide some relief for consumers and businesses, and help support economic growth in the coming months. It will be important to monitor upcoming economic data releases to see how the Bank of Canada responds to the changing economic landscape.
Merci beaucoup!
Même les chiffres d'inflation doivent être vérifiés ( ils sont tellement menteurs qu'ils sont capables à donner de faux chiffres; dans tout le reste, sont incapables).
Pareillement, il faut vérifier si l'argent ramassé (par la taxe de 5%, ) de la population qui a acheté des produits électroniques à été utilisé pour "environnement" ou pour que les libéraux gagnent les dernières élections. Pareillement dans tous les provinces où ont gagné les amis de libéraux fédéraux ( Ford, Légaux, etc.).
It's too late. Our kids have already moved away from BC because they can't afford life there any more. Now we will go into retirement in BC without any of our kids being near us. It's 100% the liberal/ndp coalition's fault. We will NEVER vote for the liberals or ndp again. Ever!!!
Man if you are making financial decisions based on those cooked numbers, you deserve to go bankrupt. I believe those numbers too because I have never had to buy anything, DUH!!!
All this means is the degree or price increases have slowed a bit. Everything is still ridiculously overpriced compared to 5 years ago…unless you are an MP making $200 000.00 plus per year with raises voted in as desired.
I suggest we would need 30% deflation annualized over the next 3 years to get back to where we were…affordable housing , fuel and food prices.
I think he means 2.8% per month compounded.
It will be adjusted up shortly… watch
CPI was core 2.1% and median was 3.1%
They will buy up more mortgage bonds to ease the liquidity of the financial system to lower the mortgage rates. Indirectly driven already heated housing market. A broken system heading for recession.
Our heat is in the mouth. How come freaking inflation come down? All fraudulent manipulated report. Fu*k this report!
not true more 6 7 %
Money can be saved by shutting down the dept in govt which puts out CPI numbers.
It's all a lie, and people know it's a lie, so there is no need to waste public funds on fake statistics.
Thank you for this awesome analysis. I am certainly in agreement and I think BOC should test the waters and not reduce the interest rates till next year.
20.8%. The Libtards forgot to add the Zero. Liberal math at its best
I think we'll probably get 1 rate cut towards the end of the year. The united states probably will not and the Canadian dollar will tank and inflation will tick up a bit.
Sad to say, Canada needs a cheap currency. Agree, RE prices will continue rising. No recession.