BOC Holds Rates

[errolanderson]

Released this morning . . . Bank of Canada holding rates steady. No surprise here.

The surprise is; the BOC suggests a July rate hike may be in-store due to rising inflation and expanding economy. Reality may suggest Cdn inflation is function of rising taxes rather than true economic growth.

To us, there is little chance of a BOC rate hike this summer as well given our current economic slowdown and weakening Toronto real estate market. Opinion for what it is worth . . . .

[bucket]

Expanding economy without moving our exports to the world. ....??????

Who writes this stuff?

[the big wheel]

They saw what happenned with that small increase major debt. Yes but a million dollar house over your life time but a small increase and your done and no one is gonna want it. Same with agriculture.

[errolanderson]

Expanding economy without moving our exports to the world. ....??????

Who writes this stuff?

You have that right bucket . . . Canada's GDP actually turned negative in January.


Brett Wilson recent interview on BNN

https://www.bnn.ca/canada-s-pipeline-talks-getting-deeper-and-deeper-into-really-dangerous-conversation-brett-wilson-1.1059858

[bucket]

Federated coop has to be doing very well with low cost incoming crude and more than world price for gas and diesel. .....

Margins have to be very good.....

Much of which won't find its way back to members....

[ajl]

To the surprise of no one with a brain the BOC held rates. So there is no pretense that even the BOC believe the BS growth numbers anymore. Reality is that the economy of Canuckistan is almost completely dead and needs constant stimulus both fiscal and monetary. The giant make work project known as the NWR is now done construction, you hear of people that are unemployed around here again.

Funny you mentioned the coop bucket. I though the local's dividend was small too given that the refinery should be a cash generating cow. Looks like the local makes squat. Pension fund shortfalls don't come cheap. Wally world staff don't have pension.

[Oliver88]

This might explain our current GDP situation. 🙈

[sumdumguy]

This might explain our current GDP situation. 🙈

Such good neighbours!

[AlbertaFarmer5]

Such good neighbours!

Yes, they are such good neighbors that they are even willing to pay protesters to delay and block every project that would help our industry. And for a bonus, we have the useful idiots who join in for free.