BREAKING: Bank of Canada cuts key rate for first time in more than 4 years

The Bank of Canada has cut its key lending rate. CCPA economist David Macdonald reacts to the decision and what happens next.

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[samma]

Well, my money depreciates and house pricing is going up, time to leave this stupid country.

[georgesimon]

Awesome a worthless dollar and increased inflation. Great day to be Canadian.

[thebroketraveller]

Canada was so much better before Trudeau in 2015, I still remember back when Harper had the dollar even/more than the American before

[doinitforfun]

What happened to the 2% target inflation rate. It doesn't make sense with now the market could possibly see a mini boom in the real estate market.

[TenLetterMFG]

Hmm, I'm going to need a green card. Are any American ladies out there interested in marrying a creative Canadian tradesmen?

[Rickristian]

That will lower canadian dollar value to .58 cents by 2026

[dogoftheg]

I’d check to see if Tiff Macklem just received a new Bugatti, or vacation home in the Caribbean.

[shakyjake]

Here we go. Canadian dollar tanking hard.
Nicely done.

[cloveroli]

This is dumb… unless there’s a recession on the way. They always cut rates *right* before a recession.

[truthseeker-xbsv]

lol

They know this GOVT is done.They dancing to the ORCHESTRA

[xgutkhj]

About time but it's not enough...criminals!

[Glory-to-God.]

Housing market is gonna hit new high this summer. Everyone is happy now😊

[InterestbearingCBDC]

Dirty little scoundrels. I want my interest-bearing central bank digital currency.

[ArenAurelius]

You don't have to be an economist to know that the Chronic Inflation is not going away.
Ask Canadians.

[nonasmith]

I wonder how that's going to work

[ValFolarin]

Canadians over 50 should be living in Saskatchewan

[-RockOn-]

Yes .25 rate cut is going to make is all soooo rich. I mean mortgages will be flying through the doors, now that the rate got cut by .25

[milansuvajac]

In essence, the suggestion with this decision is that we should increase spending, which will ultimately lead to inflation. Just so you know, inflation has never decreased to the target level. The economy has been performing quite strongly with the 5% interest rate. Therefore, I am firmly convinced that this decision is a step in the wrong direction, as it will likely lead to price increases, particularly in the housing industry. Canada is no longer serving the needs of middle class Canadians.

[tiyailaC]

Christ Jesus is coming back soon folks. May we all repent and live fir him before its to late⏳️✝️

[weederminb]

You notice how they don’t say fix rate or variable rate hahahah all a joke truly a game.