Daniel JohnsonJim Thorne, chief market strategist at Wellington-Altus Private Wealth, joins and talks about his thoughts and expactation for BoC rate decision.
“So they are below target and…the natural rate of interest is about 2.75 . They should be below 2.75 right now. Whether they go 75 , 50 or 25, we’re not going to feel the effect of those rate cuts until April of 2026,” Thorne said. “I would suggest that we can no longer sustain the government spending that we are doing right now, and we are going to have a pull back. And what was a tailwind for economic growth will be a headwind for economic growth,” he said.
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