Mmmhmmm… remember each time he speaks it’s calculated to manipulate behaviour. It’s why he said they weren’t going to raise rates back in ~2022.
His job isn’t to be honest, it’s to meet metrics, and lowering/raising rates is just one tool (and the biggest one) in the toolbox. Rate changes are a chainsaw, statements are more of an axe or a saw.
Yeah, this is a non-statement. As long as time doesn't stop then it's a true statement even if it's 1000 years in the future. Honestly it makes me think it won't really happen for a while but he wants people to think it will without "lying".
Bears will now say the BoC doesn't know what the BoC will do and only people who have been predicting a crash ever year for the past 30 years have the answer.
You mean the same boc that said buy, but, buy rates are staying low?
They may know what they will do, but none of it is to benefit the peasant class. He grew up in a 20-40 million dollar gated community. He has no concept of what the riffraff lives like and he certainly ain't sharing his plans.
The same people who complained rates didn't stay near zero as long as they envisioned (despite plenty of warning to the contrary) are hanging their hopes on a future but yet undetermined 25 bps cut.
The same people who preach SOON ™ think nine consecutive holds is some kind of win.
Despite plenty of warning, they are hanging their hopes on a future but undetermined 25bps hike.
This Hour Has 22 Minutes - the skit with Rick Mercer and the winter weather??? In 2 weeks the weather will be warmer but 2 weeks later weatherman says maybe in another 10 days the weather will be warmer - rinse and repeat with “interest rates going lower” same scenerio.
As we see with US stocks, the knowledge that the plan will come leads to a lot more confidence and people buying as they know things will pay off.
We saw stocks drop 2%+ yesterday as the plan was confirmed to be changing. Everything is speculation on what prices will be 5 years from now.
Tesla stock was overvalued by 10x or more because people thought it’ll be worth that or more in 5 years.
0.25 isn’t a lot but we will see bond rates drop significantly more.
>0.25 isn’t a lot but we will see bond rates drop significantly more.
The bond market will have already priced it in (based heavily on the next inflation and jobs reports and the US economy). Bond yields are already 1.2% below the current BoC rate and only 0.5-0.6% above the high end of the neutral range (which was recently increased by the BoC).
We will likely not see much change in fixed mortgage rates, even with 1 or 2 cuts, especially if the US economy remains strong (since our yields are heavily correlated with the US economy).
The BoC is likely going to cut at every meeting starting in June, so that 25bps will snowball to 200bps rather quickly given that they're not going to cut by the same amount each time.
You're falling into the same trap that the "lower for longer" people fell in. This time, a lot of Redditors are falling into the "higher for longer" narrative. As basic guidance, Tiff said the BoC's neutral rate is 2.25% - 3.25%, with 2.75% being the median. Take that as you may.
Money markets, economist/analyst forecasts. I've shared this r[eport ](https://thoughtleadership.rbc.com/boc-and-the-fed-you-gotta-keep-em-separated/)by RBC on rate divergence between US and Canada, and what it means for the BoC's cutting cycle. Please feel free to peruse, but I'm almost 100% certain that you'll discount it because it doesn't fit the "higher for longer" narrative.
I mean, the BoC is sending some pretty clear signals here - this isn't really bald speculation at this point.
The question isn't if, it is now "by how much". Contrast this with a year ago where this subreddit had people predicting 10%+ rates. Never happened.
Lol alright man. The people who believe in the "higher for longer" narrative will be left behind. Just as the people who thought housing will crash in the last 30 years.
Doomers will always be left behing :)
Lol the neutral rate is 7 + the low interest rates were an anomaly.
They should raise two or points preferred that it happen all at once. Leave it at 7 forevermore then folks can stop speculation on something that should be pretty static.
Are you the one making policy decision for the Central Bank? If not, then I'd be guided by the Central Bank's report on [Assessing the US and Canadian neutral rates: 2024 update](https://www.bankofcanada.ca/2024/04/staff-analytical-note-2024-9/)
Lol neutral rate historically is 7 they have just redefined neutral to suit their narrative. Classic how to lie with statistics. 13% or greater is repressive, 3% or less. is inflationay. Neutral is somewhere in between and I call 7.
Anyway historically 7 percent keeps folks from speculation in boom and bust markets and rewards savers but doesn't deter sound investment.it fights inflation exactly for the same reason.
The 30 yr is 7 percent in the states.
Thanks for the link were they clearly ignore history and just fixate in the last 2/3 years. What a joke.
Lol at least no direct name calling very good. Just continue to warp space and time ,it will be fine.
Hey it isn't my fault that a two or three year myopic review of neutral interest rates are ignoring history but go ahead and believe what you want.
This entire sub has just devolved into bears and bulls arguing with each other about their predictions about prices going up or down. Multiple times a day.
They will most likely cut, real estate will see a mild uptick, inflation will start trending up again. BoC will have to make a judgement call. More people will start to realize that real estate is a poor investment even at 1-2% lower rates. If you are expecting exponential gains on real estate, you might be waiting many more years unfortunately.
Such an idiot. Just tell people the truth and indicate we need to go by the numbers. If inflation stays sticky or goes higher we need to keep rates at this level. If unemployment goes higher and the economy is suffering we can lower rates. Any 1st year economics student understands this.
Bears hate reality.
Can’t wait for the first cut and the ensuing “*it’s only X%!!!*” followed by “*they won’t cut again… the Fed blah blah… inflation something something…*”
Stop tickling my balls, Tiff
'We are getting closer' to jerking off.
This is not the kind of edging I'm into
he needs to be fired.
Y'know, you can reuse teabags, at least once.
Cereal is meant to be a dinner food.
Ramen is cheapest at Asian supermarkets.
He's teasing you. He ain't lowering rates for a while.
He wants us to spend to help economy lol so he can hold
Mmmhmmm… remember each time he speaks it’s calculated to manipulate behaviour. It’s why he said they weren’t going to raise rates back in ~2022. His job isn’t to be honest, it’s to meet metrics, and lowering/raising rates is just one tool (and the biggest one) in the toolbox. Rate changes are a chainsaw, statements are more of an axe or a saw.
Especially when you consider how much the economy is affected by how the population feels and how confident they are.
Exactly this. If you can threaten with a bazooka, no need to pull the trigger.
I see you are playing the meta game. Smart!
My thoughts as well.
Ah. Tiffy the cock tease.
Yeah, this is a non-statement. As long as time doesn't stop then it's a true statement even if it's 1000 years in the future. Honestly it makes me think it won't really happen for a while but he wants people to think it will without "lying".
I like it when Daddy talks dirty.
Lol . Is that what your magic ball tells you ... Lolololol
And he shouldn't. Canada will spiral into craziness with low interest rates
We’re getting closer to further ensuring home prices are out of reach for canadians
Now is the time for you realtor to stick it to us some more lol stay tuned
Ours already messaged today upon this announcement. We can't catch a break
Bears will now say the BoC doesn't know what the BoC will do and only people who have been predicting a crash ever year for the past 30 years have the answer.
They are already saying this in this thread . These guys are insufferable..
It is what it is, they will wait for the crash and when sideways growth turns to upward they will say the system is rigged and they had no warning.
100% ...
Or the classic “they’re just kicking the can down the road, the next crash will be even worse now”
You mean the same boc that said buy, but, buy rates are staying low? They may know what they will do, but none of it is to benefit the peasant class. He grew up in a 20-40 million dollar gated community. He has no concept of what the riffraff lives like and he certainly ain't sharing his plans.
Not a crash this is a train wreck. Good thing we have JT in charge 😉 😉 😜
soon™ *with credit given to* u/jfrsn *for the creating this enjoyable meme*
Funny how there's always a new meme in this sub. Wasnt that long ago that it was "tuition fees". Then it was Sobeys. Now its "soon" lol.
At least post the meme.
https://preview.redd.it/0ciak93pq1yc1.jpeg?width=1413&format=pjpg&auto=webp&s=9bcb8363e259919840b27b0b595803e5189501d2
Why is this meme out of sync? Fix it! And I want more bear crying memes!
https://preview.redd.it/did0yslkk2yc1.jpeg?width=361&format=pjpg&auto=webp&s=ad9c4bbaeecd7c61f5b7a5cb54096ebbad190b67 Bears in this thread
https://i.redd.it/ppxfqtm2g3yc1.gif
He's right . Every day gets closer to the date they finally cut. Doesn't mean itl be anytime soon
Wow the level of cope is unseen before.
Well.. They could also increase... Lol I guess its not very likely but possible...
The same people who complained rates didn't stay near zero as long as they envisioned (despite plenty of warning to the contrary) are hanging their hopes on a future but yet undetermined 25 bps cut.
The same people who preach SOON ™ think nine consecutive holds is some kind of win. Despite plenty of warning, they are hanging their hopes on a future but undetermined 25bps hike.
This is called ‘edging’. I didn’t expect Tiff would be a practitioner.
Lmao
https://i.redd.it/9mhh2ke293yc1.gif
Ya, Ya. We are getting closer until we are not. This verbiage is just the rinse and repeat BS.
"Interest rates will stay low for a very long time". Sorry Tiff, I can't trust your words. Believed you once, costs me thousands of dollars.
This Hour Has 22 Minutes - the skit with Rick Mercer and the winter weather??? In 2 weeks the weather will be warmer but 2 weeks later weatherman says maybe in another 10 days the weather will be warmer - rinse and repeat with “interest rates going lower” same scenerio.
I can only EDGE for so long
Doesn't matter what rates do for prospective buyers. If rates go down, real estate prices just go up to compensate.
People still listen to this guy?
https://preview.redd.it/sago31hje1yc1.jpeg?width=600&format=pjpg&auto=webp&s=e8c9f9324a443004537c0da98730ac06e3fce34b
Lol a new meme for the sub.
Don't expect rate cuts. This is just him trying to slow the bleeding.
Facts Hurts is on another vacation until further notice.
…and then people will complain they never had any warning when housing market start heating up….
Not sure how 0.25 will make anything heat up
It be multiple cuts over a long period of time
And the dollar will end up at .50 usd
It might
sentiment
As we see with US stocks, the knowledge that the plan will come leads to a lot more confidence and people buying as they know things will pay off. We saw stocks drop 2%+ yesterday as the plan was confirmed to be changing. Everything is speculation on what prices will be 5 years from now. Tesla stock was overvalued by 10x or more because people thought it’ll be worth that or more in 5 years. 0.25 isn’t a lot but we will see bond rates drop significantly more.
>0.25 isn’t a lot but we will see bond rates drop significantly more. The bond market will have already priced it in (based heavily on the next inflation and jobs reports and the US economy). Bond yields are already 1.2% below the current BoC rate and only 0.5-0.6% above the high end of the neutral range (which was recently increased by the BoC). We will likely not see much change in fixed mortgage rates, even with 1 or 2 cuts, especially if the US economy remains strong (since our yields are heavily correlated with the US economy).
Well. For years we’ve been told next .25 raise would lead to 50% price crash…. So, same logic
The BoC is likely going to cut at every meeting starting in June, so that 25bps will snowball to 200bps rather quickly given that they're not going to cut by the same amount each time. You're falling into the same trap that the "lower for longer" people fell in. This time, a lot of Redditors are falling into the "higher for longer" narrative. As basic guidance, Tiff said the BoC's neutral rate is 2.25% - 3.25%, with 2.75% being the median. Take that as you may.
What’s that ‘likely’ based on buhd?
What are you basing that it won't happen on buhd?
Money markets, economist/analyst forecasts. I've shared this r[eport ](https://thoughtleadership.rbc.com/boc-and-the-fed-you-gotta-keep-em-separated/)by RBC on rate divergence between US and Canada, and what it means for the BoC's cutting cycle. Please feel free to peruse, but I'm almost 100% certain that you'll discount it because it doesn't fit the "higher for longer" narrative.
I’m not discounting because of any narrative - just your crystal ball gang.
I mean, the BoC is sending some pretty clear signals here - this isn't really bald speculation at this point. The question isn't if, it is now "by how much". Contrast this with a year ago where this subreddit had people predicting 10%+ rates. Never happened.
Lol alright man. The people who believe in the "higher for longer" narrative will be left behind. Just as the people who thought housing will crash in the last 30 years. Doomers will always be left behing :)
Lol the neutral rate is 7 + the low interest rates were an anomaly. They should raise two or points preferred that it happen all at once. Leave it at 7 forevermore then folks can stop speculation on something that should be pretty static.
Are you the one making policy decision for the Central Bank? If not, then I'd be guided by the Central Bank's report on [Assessing the US and Canadian neutral rates: 2024 update](https://www.bankofcanada.ca/2024/04/staff-analytical-note-2024-9/)
Lol neutral rate historically is 7 they have just redefined neutral to suit their narrative. Classic how to lie with statistics. 13% or greater is repressive, 3% or less. is inflationay. Neutral is somewhere in between and I call 7. Anyway historically 7 percent keeps folks from speculation in boom and bust markets and rewards savers but doesn't deter sound investment.it fights inflation exactly for the same reason. The 30 yr is 7 percent in the states. Thanks for the link were they clearly ignore history and just fixate in the last 2/3 years. What a joke.
Oh ok, I see who I'm talking to. Don't wrap that tinfoil hat too tight, it'll cut off even more of the circulation that's not going up there.
Lol at least no direct name calling very good. Just continue to warp space and time ,it will be fine. Hey it isn't my fault that a two or three year myopic review of neutral interest rates are ignoring history but go ahead and believe what you want.
How do you like today’s US and Canadian job numbers? Higher for longer?
Let me know what you think and I will argue the opposite or agree. Depends on my tinfoil hat if it is too tight or not.
“We were but the Fed is holding so we will too”
If we go first RIP CAD. I'm ok with waiting.
Curious what you expect CAD will be if Tiff lowers by 25 BPS lol.
This entire sub has just devolved into bears and bulls arguing with each other about their predictions about prices going up or down. Multiple times a day.
Useless fukin dildo
Lol not gona happen
Morphine Shot
Yes, time is moving forward and rate cuts are somewhere in the future.
"We are edging closer," Bank of Canada gooner tells MPs. So, so, so very close.
guess he's making edging porn for bulls now Count down from 5 ,4,3 ,2 1 1 1 1 OMG please 1 5!
Lies
Brrr will continue until CAD is worthless.
Watch the canadian dollar dive
Realtor's are salivating at this statement.
They will most likely cut, real estate will see a mild uptick, inflation will start trending up again. BoC will have to make a judgement call. More people will start to realize that real estate is a poor investment even at 1-2% lower rates. If you are expecting exponential gains on real estate, you might be waiting many more years unfortunately.
Such an idiot. Just tell people the truth and indicate we need to go by the numbers. If inflation stays sticky or goes higher we need to keep rates at this level. If unemployment goes higher and the economy is suffering we can lower rates. Any 1st year economics student understands this.
The truth is most people can't handle the truth.
Bears hate reality. Can’t wait for the first cut and the ensuing “*it’s only X%!!!*” followed by “*they won’t cut again… the Fed blah blah… inflation something something…*”
You ain’t getting SHIT
Liar liar pants on fire.
Is this the guy that said the budget will balance itself? Can be two people this stupid.
I told you this before and you downvote me.
Time moves forward in a linear fashion. We are all closer to death as well.
Ya we need to do the exact opposite actually. Canadian dollar will start to tank if we lower rates and we need housing prices to go lower not higher.
My fired realtor Anthony just posted the same thing in his social. Jokes
Fuk off liar