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Canada's GDP lower than expected in February: instant reaction
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7,991 Views • Apr 30, 2024 • Click to toggle off description
Dylan Smith, senior economist, Rosenberg Research tells BNN Bloomberg that a currency rate cut is possible in June after these numbers.

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Views : 7,991
Genre: News & Politics
Date of upload: Apr 30, 2024 ^^


Rating : 5 (0/83 LTDR)
RYD date created : 2024-05-03T10:07:11.924225Z
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YouTube Comments - 66 Comments

Top Comments of this video!! :3

@aldenhagel5082

2 weeks ago

No major recession wtf is this guy talking about. Record bankruptcies, record food bank usage, unemployment shooting higher. Inflation still high. We are going into a full blown depression

45 |

@althunder4269

2 weeks ago

Canada has a lower standard of living than the poorest US states like Mississippi and Arkansas.

20 |

@modaloperator99

2 weeks ago

The mistaken assumption here is that low economic growth means low inflation. It does not. What we have in Canada is stagflation and if the BoC lowers rates this will merely exacerbate the cost of living crisis.

15 |

@althunder4269

2 weeks ago

Excessive federal government hiring is the leading cause of inflation and higher GDP.

13 |

@bigsid3011

2 weeks ago

I find it shocking that anyone believes anything that comes from Stats Canada or the BoC. These revisions are just a cover-up for the misdirection coming from Ottawa.

15 |

@billyt3130

2 weeks ago

Why are we still talking about rate cuts? We need a rate hike for a stronger dollar.

3 |

@MrPatrick1414

2 weeks ago

Wait? What?.. so we were conned into believing that the economy was booming and we should just buy more cars and houses

4 |

@solidsnake2428

2 weeks ago

Interest rates are a lagging indicator… the Central Bank is essentially the last to know when there is a recession.

4 |

@gems.studio

2 weeks ago

No major recession - just minor depression 😮

2 |

@kariml5461

2 weeks ago

Thank you Trudeau, we could have had a much stronger natural resources contribution to our economy among other things he’s screwed up. Canadians are finally waking up to the realities of economics

2 |

@evadeanu1

2 weeks ago

I’m not surprised at all.

1 |

@MikeCeritto

2 weeks ago

It will take 4 years for the rates to be cut to half what they are now. It will be a looooooong time to go back to 1%

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@twinsiesyt

2 weeks ago

On housing, it is more about supply & balance imbalance more than anything.

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@twinsiesyt

2 weeks ago

I predict more than 100 points rate cut this year.

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@mrladidah82

2 weeks ago

The govt is going to be slow once again... slow to rise rates.... and slow to cut rates...

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@143gurmukh

2 weeks ago

Everyone think in June something wil happening ....your thinking 🤔 .... 😢 stop giving people falls hape Wee are going to for sure having rate hike the way everything is soo expensive

1 |

@oz3906

2 weeks ago

This guys is the funniest in the news. To jokes in one sentence, soft landing and no recession! Recession happens after the rate cuts!

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@trails3597

2 weeks ago

People renewing mortgages will see lower payments. Lower borrowing costs on capital but won't help higher energy prices.

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@Market_Engineer514

2 weeks ago

Those guys are stupid, when central banks cut it is when the market drops. The market hasent priced in recession

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@Danilo-jimenez

2 weeks ago

We are headed towards Stagflation and a lot more people hurting.

1 |

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