Bank of Canada cuts key interest rate

The Canadian dollar fell to its lowest level in six years on Wednesday, after the Bank of Canada cut its key interest rate

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[AnimeBeefRandoms]

We don't need a weak Canadian dollar, we need a strong dollar.

[aforeffort]

Comer vs bank of Canada! Lawyer sues bank of Canada for Canadian human rights! Ignoring the truth!!'

[CBCTheNational]

An interest rate cut signals trouble for the Canadian economy. Are we in a recession, or not? 

[PaulStewart]

If what your doing is not working, then doing more of it won't help.

[aforeffort]

We can afford over 30 billion or more on national debt interest, and about 5 billion for infrastructure! See a problem with this?

[aforeffort]

What about revenue from all our resources? Forestry? Fisheries? Uranium? Potash? Agriculture? Etc. It doesn't stay here! Diamonds? Gold? Iron ore? Oil? Industry? Foreign owned?

[RANDINTMCRU]

Very stupid move. This will push housing markets in Toronto and Vancouver even higher until it implodes; it will also drive the prices of imported goods up (we import more than we export).

[gregdawe]

Here's a thought, don't put all your eggs in one basket.

[TheLouisXXI]

The Bank of Canada's role is interests rates, on Friday this will show why a rate hike is necessary. This clown? Well he is just sucking up to his manufacturing buddies who needs a low dollar to turn a profit. He use to be the head of the Business Development bank of Canada.

[aforeffort]

So what percent of GDP goes to Canadians? How much does interest on debt cost us vs what we put back into the country?

[shazzzam]

Hegelian dialectic... problem, reaction, solution. You just wait for the proposal of a North American Union.