Bank of Canada cuts key interest rate to 2.5 percent
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Bank of Canada cuts key interest rate to 2.5 percent
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The Bank of Canada has lowered its overnight rate to 2.5 percent, the first cut since March. Vassy Kapelos speaks with BMO Chief Economist Doug Porter about what the move means for the Canadian economy.
On today's show:
- Vassy goes 1-on-1 with Federal Housing Minister Gregor Robertson following the launch of Build Canada Homes, a new Crown corporation.
- Allan Small, a Senior Investment Advisor with Allan Small Financial Group, helps us answer this week's Explainer question: What is the Bank of Canada's key interest rate and what does it do?
- The Daily Debrief Panel - featuring Laura D'Angelo, Stephanie Levitz, and Jamie Ellerton.
- Vassy speaks with Bill Browder about his recent campaign, as he calls on the Canadian government to expand sanctions on Russia.
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