The Bank of Canada (BoC) has announced another 25% interest rate cut this morning.
It was widely expected by analysts, that the BoC would do a one-and-done jumbo cut of 50 basis points.
One analyst Avery Shenfeld, chief economist with the Canadian Imperial Bank of Commerce said “Markets have thrown down their 50-basis point chip on the poker table, betting that the BoC will deliver an interest rate cut of that magnitude” going even further to say the bank could go as high as 75 basis points, as a means of presenting an “optimistic growth outlook for 2025,”
With the cut being a quarter percent, is the same message being sent about Canada’s growth outlook?
In this video, Lyndsay Malchuk from Stockhouse Publishing caught up with Micheal Succurro of Spark Financial to dissect the opportunities and outlook of this most recent cut, and what it all means for your portfolio.
Succurro’s biggest take away is “slow and steady is is what they’re looking to do here” adding in hopefully outlooks for the real estate market and economic growth.
Check out previous conversations with Succurro about past interest rate cuts, mortgage renewals, and tune into the podcast “Contributors Corner ” where Succurro and Lyndsay Malchuk take a deep dive into topics that could impact your portfolios and topics that build a bridge between the unknown of sectors.
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