Comments on: Canada’s Top Finance Experts See The Bank of Canada Aggressively Hiking Rates

By: Patiently Waiting

Patiently Waiting — Wed, 02 Mar 2022 13:36:20 +0000

In reply to SH.

We should have know as they showed their hand before the election. I can across this recently:
https://www.ourcommons.ca/members/en/votes/43/2/135?view=member

Shameful. We need them out of office if our kids are every going to make a life in Canada.

By: Hey I have a question for you sir

Hey I have a question for you sir — Wed, 02 Mar 2022 00:55:58 +0000

In reply to Vishal. My friend affordability is out of the question at this point we’re just trying to steer this market away from interstellar space and back into the solar system

By: SH

SH — Wed, 02 Mar 2022 00:27:20 +0000

The proposed 2-year ban on foreign buying is officially dead. The Liberals blocked THEIR OWN campaign promise in committee on Monday.

By: Nassim

Nassim — Tue, 01 Mar 2022 19:43:23 +0000

In reply to David Tran. New Zealand was hiking rates last summer while Canada complained it didn't need to, because it thought high inflation was a misread. Absolute clown show.

By: Ahmed

Ahmed — Tue, 01 Mar 2022 19:42:05 +0000

This is true but Canada now has a net outflow of investment to foreign equities, primarily USD equities because the country is much less inflation tolerant than the world’s reserve currency.

By: Vishal

Vishal — Tue, 01 Mar 2022 19:35:11 +0000

In reply to GTA Landlord. But that doesn't even correct the price gains last year. Not going to be affordable by any measure.

By: David Tran

David Tran — Tue, 01 Mar 2022 19:32:51 +0000

This is “aggressive” only by Canadian standards. The US is forecast to blow past this by the end of the year, potentially doubling up on interest rate hikes.

By: Van YIMBY

Van YIMBY — Tue, 01 Mar 2022 19:30:52 +0000

In reply to GTA Landlord. This is the point BMO has been making for a while. De-commodify housing by slowing returns compared to other assets and then see how much inventory exists. Until then you're not forecasting how much housing is needed, but looking at how much housing is *wanted* m

By: GTA Landlord

GTA Landlord — Tue, 01 Mar 2022 17:35:41 +0000

Rough calculations show this reduces buying power around ~15% over the span of a year. Not a lot, but the question is will that be enough to break the mindset of perpetual returns?

By: Trader JIm

Trader JIm — Tue, 01 Mar 2022 17:25:32 +0000

Nice, the Fed dot plot for Canada. Much needed, but Canada as a whole needs a lot more transparency and discussion about how interest rate hikes are done.