Thu. May 30th, 2024
Bank of Canada to Cut Before Fed Amid Weak Economy: Phillip Colmar

#bankofcanada #canadianeconomy #canadianrealestate
The Bank of Canada is going to be forced to cut interest rates before the Fed amid a weakening economy (and to offset mortgage resets) – this according to the strategist that said Canada was sitting on one of the “biggest housing bubbles of all time” – Phillip Colmar.
Links:Avoid tech, cons. disc. Bet on energy, financials and industrials instead: strategist:
Canada Unexpectedly Sheds Jobs, Unemployment Rises to 6.1%:
Canada Could Be Sitting On “Largest Housing Bubble Of All Time” — What Will It Take To Burst?:
Canada is sitting in one of the largest housing bubbles of all times:
Canada's unemployment rate jumps to 6.1%, raising bets for June rate cut:
Hot US jobs report tempers Fed rate cut outlook:
Canada sheds jobs in March, increasing bets for June rate cut:
Expectations of a June interest rate cut solidify as cracks widen in labour market:
Cooling housing market shows short supply didn’t fuel COVID price surge: BMO economist: />Jump in unemployment rate puts Bank of Canada in a ‘tricky spot’. Here’s why:
Jump in unemployment rate puts Bank of Canada in a ‘tricky spot’. Here’s why:
Policy interest rate:
An international strategist says Canada is sitting on the largest housing bubble of all time — is he right?:
About 60% of outstanding mortgages facing payment shock in next 3 years: RBC:
Number of households missing mortgage payments soars alongside consumer, business insolvencies:
Households owed $1.79 for every dollar of disposable income in Q4:
Statistics Canada:
Canadians are paying highest portion of disposable income toward debt on record:
Mark Mitchell – Mortgage Broker London Ontario920 Commissioners road east London, Ontario N5Z 3J1Phone: (519)860-2102 (Call or Text)MarkMitchell@LondonOntarioMortgages.caBrokerage Lic: 10464Broker Lic: M16001479 – Apply Online!!Youtube Channel: NOW for more Mortgage/Financial News/Videos.Follow me on Social Media:Instagram - - - - - on this Channel should not be considered financial advice.

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