Bank of Canada Rate Cut

[Rareearth]

Must suck to have money in the bank.

[Oliver88]

A family in Saskatoon can now "afford" a $600k house instead of a $550k starter home.

FCC customers who have variable rate mortgages will benefit, hopefully FCC passes on entire decrease. This will be bullish for farmland prices.

Banks will increase their net income by not passing on the whole BOC cut.

Lower $ good for wheat Fx basis, canola price and bad for fertilizer prices. BTO's will pay more for new farm equipment.

[Rareearth]

Politz is good for the BOC and Canada. Yes he was with Export Development Canada. He knows and hopefully understand from the time at EDC how important exports are to Canada.
Each time a country lowers the rates is equivalent to a right upper cut in the boxing ring. If enough upper cuts are delivered over time every one hurts and the fight is over....it's a draw. No one seems to have a solution for global economies, so expect export, currency, interest rate fights to continue, high valued stock markets for the next few years. Every one will tire, no energy or upper cuts to fight with things will rebalance. Then interest rates and inflation will have there day and turn

[TOM4CWB]

Greece shows what happens when there is no national interest policy allowed. Canada is doing better!!!

[cottonpicken]

Greece has no national fiscal sovereignty

The normal playbook would be to restructure the debt crash the currency spike the bond yields and start to rebuild. But they gave all that up joining the euro. The poor stupid bastards

[farmaholic]

Charlie, why didn't you hedge the currency?