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69 sats \ 2 replies \ @grayruby OP 22 May \ parent \ on: June rate cut for Canada? econ
I think the Bank of Canada is very concerned about the insane debt levels of Canadian households and the real estate sector, which has propped up the economy for two decades, crashing.
Whereas I think the fed is more concerned about the bond market in the US.
Both likely to capitulate before inflation under control as they are forced to choose between the lesser of two evils.
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50 sats \ 1 reply \ @Undisciplined 22 May
Wouldn’t the capital flight be insane if Canada unilaterally cuts rates?
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0 sats \ 0 replies \ @grayruby OP 22 May
I am sure there will be some but taxation on foreign investment can be onerous depending on what you own and under what structure.
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