@ronmortgageguy: People are mad! 😬

Lee Black :

🤔 higher interest rates from here are not going to affect inflation. This is because home prices are already severely inflated compared to where salaries are Consumers are tapped out at 3.5%-4% on a 500k mortgage, they have already stopped consuming so much when interest rates went from 1.8-3.5%. So higher rates from here will have less and less effect on rate of inflation because consuming has already slowed. watch Amazon, McDonalds and Walmart...earnings are in steady decline. higher rates is only going to start breaking stuff and wont have the desired effect.

Kenny :

Our government has screwed Canada by continuing to increase debt.

Jon :

But the gas price is what is causing inflation that is right from the government numbers and you just said it will not help that so it does not make sense

141965 :

But Canadians don’t have money to spend to raise inflation. Average Canadians aren’t pushing inflation up it’s the Canadian government that is spending our tax payers money in corruption like sending money outside Canada esp Ukraine and policies that are screwing canadians socio economical ways

MaxMirzaee :

I always respect your analyses! It’s worth to mention that this time they raised interest rates to cover for other expenses they’ve and they are incurring around the world like the war with Russia (totally provoked by Europe and paid by ppl) as well as compensating for lost streams of revenue for the global left like losing Venezuela and Iran. Look back and you’ll see they’ve done this before. Over and over. So next time before voting SO with the promise of free stuff, first ask them where they’re planning to get the money from. If the answer is the RICH, rest assured you’ll be screwed.

hermin :

Raise the interest rate, does depress stuff. Especially the people first and foremost. Well ya because their pockets are first to be fleeced.

LV_Dave :

It happened because they don’t give a fuk about us

tomwilkinson705 :

But why does Carney’s rely on the BOC to reduce inflation? How about reducing taxes? Wouldn’t that lower the cost of goods?

Hw16 :

This is exactly why Trumps system is superior ! Grow your economy faster than inflation and everyone will be more prosperous!

marc :

wouldn't stopping immigration increase suppy and reduce demand for every thing

Suzie The Realtor with Heart! :

Yup 😡 they are!

user4840323730836 :

Why are you always cursing.

bobskibowski :

Elbows up

Bethany King ✨Broker of Record :

No more increases! Pls!

cherylk17 :

Well said Ron. I buy very few things now

a_disquiet :

has no choice... the usa treasury bonds have exploded

Box4910 :

More increases coming !

Lola🇨🇦 :

Porkchop :

I've had enough also. This gobmvernment needs to be replaced.

superdad :

yes sir and there is the answer its to stop buying.

Gino D :

Why didn’t they act quick in 2021. When there was bidding wars on houses?

Chamberofknowledge :

Raise the rate so we can print another trillion dollars and send it to our offshore accounts

stronzzolino :

But Ron the banks have a choice not to raise rates so saying they don’t want to isn’t exactly accurate.

Addy Saeed - bfsto.com :

They were late during Covid and are faaacking wrong jacking up now.

awareman :

It is about trying to be more competitive to USA 20 year bonds at 5% while Canada is at 3.8 prior to increase