Canada's Era of Ultra Low Interest Rates Is Over! | IceCap Canadian Market Wrap Episode 49

In this week’s episode, we are going to address the Bank of Canada’s most recent monetary policy decision to leave the overnight target rate unchanged. We think that, for now, it remains the right call. We’ll also take some time this week to address some of the criticism the BOC has received for its reluctance to cut more aggressively and why those comments are both misguided and unbecoming of senior political officials in a developed economy.

Timestamps:
0:00 Introduction
1:13 Dovish Pause
1:56 Overnight Index Swap Curve
2:33 Keep an Eye on the Yield Curve
3:11 Inflation is Not Playing Ball
3:45 Don't Be A Baby or a Despot!
4:55 Busted Growth Model
5:16 Credit No Longer A Growth Driver
5:55 Canada Has Too Much Debt
6:25 Please No More Negative Rates

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About IceCap Canadian Market Wrap
The IceCap Canadian Market Wrap is a weekly podcast where we share our insight into the macro and market themes and, how they shape our investment strategies and how they impact Canadians.

About IceCap Asset Management
IceCap Asset Management is a Canada-based portfolio management company. Our ongoing focus emphasizes understanding factors that accelerate global risk and return opportunities while creating long-lasting relationships and continuous personalized discussions among clients, consultants, and tax advisors. This channel is a repository for our views and the discussions that shape our investment strategies. It is not to be misconstrued as investment advice. Please seek professional advice before making any investment decisions. The opinions, information, estimates, projections, and any other material presented in this report are provided as of this date and are subject to change without notice. Material presented in these videos has been obtained from numerous sources. While reasonable efforts to ensure the content is reliable, accurate, and complete, we have not independently verified the content, nor do we make any representation or warranty, express or implied, in respect thereof.

#macroeconomics #finance #economics