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Email this6:24 pm
December 7, 2011
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smayer97 said
...I would not be surprised with a 50 pts drop at the next announcement next Wed.
My prediction, that on Oct 23 BoC will reduce rate to 3.75% and another reduction to 3.25% will be on Dec 11.
BoC rate will drop 1% before end of the year.
6:48 pm
September 14, 2022
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Winnie said
My prediction, that on Oct 23 BoC will reduce rate to 3.75% and another reduction to 3.25% will be on Dec 11.
BoC rate will drop 1% before end of the year.
I think the chance of that is about zilch. Like it or not Canada plays follow the leader and where the US Fed funds rate is currently they'd never diverge that much....especially with the U.S. already tampering expectations of accelerated rate cuts. While I know most Canadian banks are expecting a 50 basis point cut coming up even that I think is too 'optimistic'....unless they plan on not cutting in December.
7:26 pm
September 29, 2017
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Then you do not follow the markets that closely. Canada does NOT follow the US, though it may appear so at some periods in time. No, each market follows the beat of their of drum; sometimes it is in sync, but sometimes not. You can clearly see that from 2010 to 2015, as an example.
Even lately, BoC changes have not been playing "follow-the-leader".
7:27 pm
September 29, 2017
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Winnie said
My prediction, that on Oct 23 BoC will reduce rate to 3.75% and another reduction to 3.25% will be on Dec 11.
BoC rate will drop 1% before end of the year.
It sure is looking that way at the moment.
8:02 pm
September 14, 2022
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smayer97 said
Then you do not follow the markets that closely. Canada does NOT follow the US, though it may appear so at some periods in time. No, each market follows the beat of their of drum; sometimes it is in sync, but sometimes not. You can clearly see that from 2010 to 2015, as an example.Even lately, BoC changes have not been playing "follow-the-leader".
Maybe 'follow-the-leader' was off base and looking into it you're right. While I don't think they'd diverge to that degree for very long it does appear possible for shorter periods. I'd welcome an aggressive cutting cycle as I'm all dividend stocks all the time and it would continue to drive them much higher, but I won't get my hopes up. I still think 1% cut over the next two meetings is dreaming but what do I know.
6:56 am
April 21, 2022
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It will be interesting to see if a combined 1% cut has an effect on the CAD?
9:08 am
November 3, 2022
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JohnnyCash said
It will be interesting to see if a combined 1% cut has an effect on the CAD?
If I was a snowbird, I would be buying my USD for the winter months now.
9:56 am
January 12, 2019
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Rail Baron said
If I was a snowbird, I would be buying my USD for the winter months now.
As of 2day ➡ https://ca.finance.yahoo.com/quote/CADUSD%3DX/
- Dean
" Live Long, Healthy ... And Prosper! "
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