• So... the interest rate has been cut. Now what?

  • Jun 6 2024
  • Duración: 23 m
  • Podcast

So... the interest rate has been cut. Now what? Por arte de portada

So... the interest rate has been cut. Now what?

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  • On Wednesday the Bank of Canada lowered its key interest rate for the first time in four years, after months spent at a 20-plus year high. The cut was just a quarter-point, but it could be a signal that easier economic times are on the way for millions of Canadians struggling with servicing their debt.

    So what does this latest cut mean right now, and what might it mean in the future? And is this the start of a trend, or could the bank decide to walk it back later this year?

    GUEST: David, senior economist for the Canadian Centre for Policy Alternatives’ National Office

    Do you have a money problem? Call us and leave a message at 416-935-5935. Or email us at hello@itepod.ca. You can also find us on Instagram and TikTok @InThisEconomyPod. Don't forget to leave a call-back number, so we can get in touch.
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