One economist says she expects the Bank of Canada to lower its key interest rate by 50 basis points (bps) on Wednesday as the bank continues to shift its focus away from inflation concerns toward stimulating a slowing economy. Citi’s Veronica Clark told BNN Bloomberg that her call for a jumbo rate cut from the central bank has not changed since its last meeting, when it lowered rates by 50 bps after three straight 25-bps cuts. “We are expecting a 50-bps cut on Wednesday, that was my call really after the October meeting when we saw a similarly large 50-bps cut,” she said in a Monday interview. https://www.bnnbloomberg.ca/business/economics/2024/12/09/restrictive-rates-no-longer-needed-expect-50-bps-cut-from-boc-economist/

“We did have one pop up in the previous quarter, but that was a pretty minor thing,” said Poloz. “And the only good news, if I caught that, is government spending. That’s not the sort of thing to build your recovery on.” Poloz said the Canadian consumer has suffered a 30 per cent increase in the cost of living following the recent inflationary period, which has reduced spending. Additionally, inflation has fallen faster than was predicted, which Poloz argues only happens during a recession. https://financialpost.com/news/economy/bank-of-canada-stephen-poloz-says-recession

Food prices will continue to soar, thanks to Justinflation! The cost of feeding a typical family of four will go up several hundred dollars next year, said the Food Price Report. “Looking ahead to 2025 we are expecting a family of four with the same demographic makeup to spend $16,833.67,” it said. 🇨🇦#NoMoreLiberalsAndNDP🇨🇦 🇨🇦#SayingTheQuietPartOutLoud🇨🇦 🇨🇦#resigntrudeau🇨🇦 🇨🇦#JustSayNoMore🇨🇦 https://www.rebelnews.com/food_prices_will_continue_to_soar_thanks_to_justinflation

Trudeau government sends over $17 million to China despite its status as a global superpower! It is unjustifiable to redirect millions from Canadian taxpayers to subsidize Chinese programs while Canadians grapple with rising inflation, unaffordable housing, and growing fiscal pressures. 🇨🇦#NoMoreLiberalsAndNDP🇨🇦 🇨🇦#SayingTheQuietPartOutLoud🇨🇦 🇨🇦#resigntrudeau🇨🇦 🇨🇦#JustSayNoMore🇨🇦 https://www.rebelnews.com/trudeau_government_sends_over_17_million_to_china_despite_its_status_as_a_global_superpower

Oh Christmas tree: Will rising costs deter Ontarians from spending ahead of holidays? https://toronto.citynews.ca/2024/11/28/ontario-christmas-tree-farms-costs-inflation/

Bank of Canada deputy governor Rhys Mendes says allowing for a period of price declines may sound tempting, but it would ultimately be more painful for Canadians. His speech comes as the Bank of Canada declares victory on high inflation, but Canadians remain dissatisfied with higher prices across the economy. The Liberal government has worn much of the political blame for higher prices, to the advantage of the federal Conservatives. On Thursday, Prime Minister Justin Trudeau unveiled a plan to give a two-month GST break on a slew of items starting Dec. 14 to help with the affordability crunch. The federal government is also sending out $250 cheques to Canadians who worked in 2023 and earned up to $150,000. https://www.bnnbloomberg.ca/business/economics/2024/11/26/allowing-a-period-of-price-declines-would-be-painful-for-canadians-boc-official/

More FAKE NEWS. Inflation in the past year is 20% or more, This was last inflation data to be released ahead of the Bank of Canada's interest rate announcement on Dec. 11, when money markets see a roughly 60% chance of at least a 25 basis point cut. https://www.kitco.com/news/off-the-wire/2024-11-19/canadas-inflation-rate-jumps-back-2-likely-curbing-large-rate-cut-bets

Canadians are getting used to spending more and getting less, even when it comes to building permits. Statistics Canada (Stat Can) data shows total building permits made monthly progress in September, nearing new highs in seasonally-adjusted nominal terms. Before getting too excited, this growth was almost exclusively driven by state stimulus which tends to have an inflationary impact. Inflation-adjusted data shows the real dollar value peaked earlier this year and has slid in recent months. https://betterdwelling.com/canadian-building-intentions-improve-but-inflation-killed-real-growth/

Cortez emphasizes that the drive for sound money goes beyond price speculation; it is a safeguard for a free society. Historically, sound money has constrained government overreach, avoiding unnecessary wars and bureaucratic inflation. The essence of sound money, particularly gold and silver, is its proven ability to retain value, providing an economic foundation for societies worldwide. https://activistpost.com/2024/11/sound-money-movement-a-new-path-to-monetary-freedom.html

This is the Patten also in Canada its all the same, The size of government in the economy increases both during and after a recession. Taxes constantly rise, but debt rises faster. Upside-down economics. The Biden-Harris administration has followed exactly the policies of the Greek, Spanish, and French socialists into an election year prior to their countries’ crises. The strategy involves inflating the GDP through excessive government spending, creating an uncontrollable deficit during a period of economic recovery, and masking employment through government jobs financed by increased debt. In the process, the printing of money results in the highest inflation in decades. https://activistpost.com/2024/11/how-do-you-create-a-recession.html