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What the Bank of Canada’s interest rate cut means for you

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Manage episode 422216426 series 2922784
Content provided by The Globe and Mail and The Globe. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The Globe and Mail and The Globe or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

The Bank of Canada lowered the interest rate to 4.75 per cent on Wednesday – the first rate cut in four years. As the country’s central bank aims to get the inflation rate closer to 2 per cent, further cuts could be on the horizon. Realtors are hoping the rate cut will reignite a stagnant housing market, by possibly allowing more people to qualify for mortgages and increasing the number of potential buyers.

Mark Rendell is a journalist with The Globe’s Report on Business. He joins the show to discuss the art and science behind rate cuts, what the current cut means for people and the economy and how the Bank of Canada might move forward.

Questions? Comments? Ideas? E-mail us at thedecibel@globeandmail.com

  continue reading

805 episodes

Artwork
iconShare
 
Manage episode 422216426 series 2922784
Content provided by The Globe and Mail and The Globe. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The Globe and Mail and The Globe or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

The Bank of Canada lowered the interest rate to 4.75 per cent on Wednesday – the first rate cut in four years. As the country’s central bank aims to get the inflation rate closer to 2 per cent, further cuts could be on the horizon. Realtors are hoping the rate cut will reignite a stagnant housing market, by possibly allowing more people to qualify for mortgages and increasing the number of potential buyers.

Mark Rendell is a journalist with The Globe’s Report on Business. He joins the show to discuss the art and science behind rate cuts, what the current cut means for people and the economy and how the Bank of Canada might move forward.

Questions? Comments? Ideas? E-mail us at thedecibel@globeandmail.com

  continue reading

805 episodes

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