Canada’s inflation slowed in April. Could rate cuts happen in June?

Рет қаралды 2,774

Ай бұрын

This is now the fourth inflation read that’s come within the Bank of Canada’s upper target of three per cent of inflation as April’s inflation rate clocked in at 2.7 per cent, decelerating from 2.9 per cent in March.
Price declines were the story for people shopping for household furnishings, clothing and footwear, and food inflation also cooled as the price of food purchased at the grocery store slowed to 1.4 per cent annually.
Global’s Anne Gaviola has more.
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Пікірлер: 35

@nicolasbenson009 Ай бұрын

Rate cuts commence in June 2024, taking 6-8 months to complete. A potential crash, if any, might occur by March 2025. The soft landing narrative is gaining traction, making this big recession everyone is calling for less likely. With $1 million from a business sale, I'm seeking profitable investment opportunities for the next 3 years.

@berniceburgos- Ай бұрын

The financial market is a reliable choice. Diversify your portfolio with I-bonds, stocks (ETFs, REITs, dividend-paying stocks), and bitcoin. Given your budget, I recommend hiring a fiduciary to ensure you receive professional insights for a fee.

@tatianastarcic Ай бұрын

It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.

@Michaelparker12 Ай бұрын

I'm pleased I found this conversation. If you're comfortable with it, could you share how I can get in touch with the advisor you rely on for your investments?

@tatianastarcic Ай бұрын

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Melissa Terri Swayne” for about five aiyears now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

@BridgetMiller- Ай бұрын

Thanks for this. I curiously searched for her full name and her website came first. I looked through her credentials and did my due diligence before contacting her. Once again many thanks

@TheRealRobertG Ай бұрын

Lol stop talking about “slowing inflation” LMK WHEN WE GET DEFLATION!

@jonathanbelanger6574 Ай бұрын

Meanwhile my sister's house payment went up by 600$ because of greedy banks and government working ha d in hand

@bobwoods1302 Ай бұрын

Must be a big house.

@jamesc8709 Ай бұрын

Every week at my home hardware store we increase prices

@michaeldeng8676 Ай бұрын

The same in Rona

@gerwyntiberius1918 Ай бұрын

we need rapid deflation. I say we appropiate all our retired former politicians pensions, and the salaries of all current politicians until we have a sensible budget and the will of the people is adhered to in this supposed democracy.

@bufords Ай бұрын

nope, no rate cuts this year, maybe by next June.

@ottomattix86 Ай бұрын

When a box of rice a Roni is $2 Wal mart you know it's ridiculous. I shop for mom. She's sacrificed quality and quantity. So have I too I guess.

@indram5384 Ай бұрын

We need to see prices reduced for flour rice butter eggs cheese chicken vegetables fruits!! And many more items.

@rachelk8368 Ай бұрын

We need negative inflation . No cuts till 2025 to keep our dollar strong

@azntoogood Ай бұрын

I stopped going out and dining. I don't drink.

@bradsovie7000 Ай бұрын

Like my dad and mom always say if you can’t afford to live here’s a rope😂😂😂

@gerwyntiberius1918 Ай бұрын

Canada's MAID program and safe drug sites do the same.

@mehtaank1 Ай бұрын

How much is 2.7% is due to terrible carbon tax?

@JessT-vg7ib Ай бұрын

They won't lower the interest rates until most of the mortgage rates sign onto the higher interest rates....the government wants their money.

@joept333 Ай бұрын

Sure there. Yada yada yada. Giving people false hopes when Macklem already said eoy.

@winstonsmith935 Ай бұрын

The inflation rate is calculated on what we can’t afford

@piku5637 Ай бұрын

crapitalism

@bilko_4732 Ай бұрын

Mortgage rates 10% 2nd half 2025! No mistake.

@Fishforfun7977 Ай бұрын

Total spin on numbers and verbiage. Stop trying to snow people and give it to us straight. Nothing we really need day to day is going down in price.

@reverendaljones45 Ай бұрын

exactly, as one singular example i purchased a few gallons of wood stain yesterday, only $280.00+ cdn......

@mrukrainian4011 Ай бұрын

What a psy op

@TBA-zv9qt Ай бұрын

Cut cut cut. I need to borrow more and buy stuff i don't need😂😂😂😂