Biggest Rate Cut of 2024 (Here's What You Can Expect)

The Beavis Wealth Podcast

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In this episode, the Bank of Canada has made a major move by cutting its policy rate by 50 basis points, bringing it to 3¾%. We discuss why this decision was made, the economic factors at play, and what it could mean for Canada's economic future, including the possibility of more rate cuts ahead.

Also in this episode:

🍽 Starbucks faces its third consecutive sales drop, prompting a new strategy, while McDonald’s deals with an E. coli outbreak linked to its Quarter Pounders.

📉 Thematic ETFs in Canada struggle as investors shift to broad stock benchmarks like the S&P 500, chasing record highs.

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