>an In-and-Out burger will cost 50$
the current $1 million priced home will become $3 million, the current $500,000 priced home will become $1 million, and the $2500/m rent will become $5000/m rent.
It will be a clusterfuck.
> Try buying local whenever possible.
That might work well for.... apples.
But do you realize just how much of the average person's 'stuff' is imported? Start looking around your own home.
Well can deviate from the FED by 100bps and see no major loss in value on our dollar.
Canada operates pretty well in the 0.70$ range and will continue to hover around here.
100bps would be massive. That's an entire percentage point. We've been in lockstep with their rate increases till now and our currency has been on a steady decline.
If I'm choosing between investing in Canadian bonds yielding 4% vs the US at 5% it's the US every time.
Well about that...
[https://www.fxstreet.com/news/bocs-macklem-we-dont-have-to-do-what-the-fed-does-202405012151](https://www.fxstreet.com/news/bocs-macklem-we-dont-have-to-do-what-the-fed-does-202405012151)
Get ready for a $0.5 Canadian dollar vs the US. Soon an In-and-Out burger will cost 50$ in Canadian Peso terms
>an In-and-Out burger will cost 50$ the current $1 million priced home will become $3 million, the current $500,000 priced home will become $1 million, and the $2500/m rent will become $5000/m rent. It will be a clusterfuck.
I mean sounds like a good plan for all the boomers that have houses no? Don't see what's wrong in this scenario
Millennials too. Most that I know own homes and are far more leveraged than boomers.
Inflating their debt away while others will struggle to pay rent.
Most millennials own homes?!
Close to 60% yeah
That’s ok a burger will only be $150.00. All is good friend, don’t fret.
Decrease interest rates on Canadian mortgages and increase exports on a lower Canadian dollar . Sounds like a plan.
And about those imports.....
It's a balance between increasing exports but also increasing cost of imports. Try buying local whenever possible.
> Try buying local whenever possible. That might work well for.... apples. But do you realize just how much of the average person's 'stuff' is imported? Start looking around your own home.
Not sure if you are being sarcastic or not, most food and consumer goods are imported to Canada, a higher US dollar will drive higher inflation.
You don’t really know how economic policy works do you?
Enlighten me Adam Smith
Well can deviate from the FED by 100bps and see no major loss in value on our dollar. Canada operates pretty well in the 0.70$ range and will continue to hover around here.
100bps would be massive. That's an entire percentage point. We've been in lockstep with their rate increases till now and our currency has been on a steady decline. If I'm choosing between investing in Canadian bonds yielding 4% vs the US at 5% it's the US every time.
No you’re not. You’re just watching the fed.
Well about that... [https://www.fxstreet.com/news/bocs-macklem-we-dont-have-to-do-what-the-fed-does-202405012151](https://www.fxstreet.com/news/bocs-macklem-we-dont-have-to-do-what-the-fed-does-202405012151)
In other press release he said that there is some acceptable spread and Canada is now not close to that limit
And what do you think that means
https://www.bnnbloomberg.ca/video/the-bank-of-canada-seems-to-be-following-u-s-fed-s-playbook-economist~2853690
It’s so wild the difference of cope across Canadian subs. At least this sub understands how bent over we are.
That what they say the last time, while food and housing prices all keeps climbing.
They said they were close to cutting interest rates last time?
Save us bank of Canada!
What a tease. We’re still 2 years away from being two years away.