Philotimo Wealth Management

First hint at potential rate cuts from Bank of Canada Governor Macklem.The ''higher for longer" narrative has been in the news for the past several months. However, mention of cutting rates came up during Macklem's last press conference.The BOC's goal is to get inflation back down to the targeted 2% and Macklem made sure to emphasize that if they were to cut rates prior to hitting that inflation target, they would need to see a clear path to inflation dropping to 2%.Recent bank forecasts have inflation only down to 3.5% by 2024, not so fast on the cutting rates talk.

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This article was prepared by CJ Stevens and Jerry Kallitsis who are both mutual fund representatives with Investia Financial Services Inc. This is not an official publication of Investia Financial Services Inc. The views expressed in this article are those of the author alone, and are not necessarily those of Investia Financial Services Inc. The content is for informational purposes only, you should not construe any such information as legal, tax, investment, financial or other advice. All content on this site is information of a general nature and does not address the circumstances of any particular individual or entity.