The Bank of Canada has cut its key interest rate by 25 basis points to 4.5%. This is the Bank’s second consecutive rate cut, and they’ve signaled more cuts ahead. Joining the show today to discuss what the latest rate cut means for Canada’s economy and for you, is renowned economist Don Drummond. Don has held several senior roles at the Federal Department of Finance where he was responsible for economic analysis, fiscal and tax policies. Don speaks with host Pamela Ritchie to dive into what lower interest rates could mean for the CAPEX story? And might lower interest rates spur further investment into Canada? They’ll also unpack inflation, wages, mortgages, immigration, and more. Let’s get to it.

Recorded on July 25, 2024.

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