Recent data has increased our confidence that inflation will continue to move toward 2% target: BoC

The canadian government does not incentivise productivity.

We all know it's false. Inflation is at least twice as high as reported. They changed how they measure Inflation. Just look at food prices

Clearly robing people all over Canada

The egg and milk price are rising more than 50% in these two years and have no sign that the price is going to drop. Then they are telling us the inflation is going to fall back to 2%. This government is run by all idolts. 😂

Government spending and carbon tax is now the main driver for inflation. Canada economy is doomed.

I just had a TD bank draft get bounced..so TD bank isn't even covering their cheques now

The cut was certainly supported by the data . But what is now the equilibrium policy rate ? .. the rate at which both inflation and unemployment is stable. If it’s 4% then there are a couple of cuts to come . Good news for savers as GIC rates may stabilize at around 4. 25% . But mortgage rates may remain at 6% for the medium term .

They are liars

GREAT NEWS.....MUST BRING BACK TO 3% FASTER.....

Amazing Trudeau goes on vacation and rates drop...LOL

And unemployment in canada increasing like crazzy cause of an immigration influx.

I just think its ridiculous that instead of powering through the last of the inflation from the lockdowns we instead decided to add ANOTHER crisis in the form of jacking up interest on all the debt we took during them. So now we have effectively negative growth and defaults in the period when we were supposed to be recovering. The hard part was over, inflation was coming down before we raised the rates, I just can't fathom why we introduced this new obstacle in the 11th hour.

What ever they say the opposite happens expect a full economic collapse in 2025-2026

Keep it up everyone! Don’t buy anything till we love the price.

Recession has started.

So, . . . nothing really happens.

Bank of Canada cuts key interest rate to 4.5% with hints of more to come!! YES!

Actually we do not need a Central Bank to disturb the financial market by artificial open market policy that is off the mark more often, causing financial inflation, thus, adding to price inflation, which adds more hardship on Canadian purchase power, the loss of their home equity, or homes, the loss of Canadian jobs, investment and growth. Inflation had an important component which is the supply disruption, and weaponising of the economy for political and military war. The BoC., has no jurisdiction over supply. The offer or demand will be dying as the prices continue rising until the cut off point, where suppliers will be forced to reduce prices.

That's good, if they think that it's that much of a potential issue. That's good. For all I know, could've prevented a recession

Canadian economy is destroyed.. like I said I just had a TD bank draft get bounced