BoC must ease more to get policy back to neutral: Rosenberg

"Excess supply" is a nicer way to describe recession.

We are not paying the price of rapidly rising interest rate in the past two years. We are paying the price of ultra low interest rates in all those years prior to that. Never have so many harebrained ideas being spewed out with so much confidence than when you hear an economist talk.

Thousands of construction jobs have already been lost because of canceled projects. Low presales means many projects won’t get built leading to mass layoffs in the construction industry and its suppliers.

Excess supply my ass. I can’t go to a home showing without 100 others the same day.

This contributor is spot on! When it comes to the real problem, we should be talking about HOUSE HOLD BALANCE SHEET first and foremost!

What happened to the housing shortage and building 1.5 million homes for investors, I mean Canadians? Our provincal and fed. governmemrs are scary.

So your solution is to create more debt by lowering interest rate to 2%?😮

The rate cut Cheer leaders are working so hard today and two cut is not enough and ask for more we still in very high inflation go shop around go fix your car open your mailbox see all the bills is double or triple!

What about the stress test?

Hold the line.........

We've basically been in a recession since 2008

This contributor is genius! When it cones to the real problem, many a Canadian is behaving like the ostrich!

The problem: our dollar has been devalued each year since 1971 when the then President of the USA, Nixon, severed the link between the dollar (USD) and gold. Both the US and Canadian governments since then have been spending deficits. Today a dollar is worth about three cents compared with the 1971 dollar, a factor of thirty times. So, we are buying anything with devalued dollars. That explains why a little bungalow near Montreal could be bought for $10,000.00? in 1971 but today would sell for thirty times that, or $300,000.00 !! or, thirty times. Salaries have lagged hopelessly. We replace all that loss with debt. Now, can someone comment please?

Shelter Inflation is the opposing force pushing inflation up as per BoC.

Let's listen to this guy, scary things are heading to us. We are just sitting on the rails and watching the economic hardship train heading to us

We are in a recession!

I thought Dr Doom was another guy with a thick Italian accent.

Counterfeiting (printing money) and price fixing (setting interest rates) is a hall mark of the failure of Keynesian economics.

While everything has doubled or increased more than double from the pre-COVID price except for the real estate market, I cannot believe that inflation has decreased from 8% to 2.7%.

Pardon me for interrupting your circle of jerks here but uh, "must"? Who said the people who need drastically lower home prices want normal yet? I have heard only the wealthy whine about their capital gains. How about banning tipping, pay your employees instead.