Bank of Canada cuts key interest rate to 4.5 per cent

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The Bank of Canada has made its second consecutive cut on interest rates. Kris McCusker reports on the what drove the reduction and the likelihood of the trend continuing.
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We all know this is bad !! Just go grocery shopping!

jeremyfitzpatrick
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Still about 3 times higher than my mortgage rate.

vasilytanygin
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Inflation is still very high and the BoC is cutting rates? Sounds like politics, not economics.

vociferon-heraldofthewinte
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Yep, this will lower the value of CAD. This cut is inflationary...housing, rental, food, energy, services, goods....all going up. Unions getting raises with each strike. Wait until Air Canada pilots get a 100% raise soon. Stagflation is here baby. Can anyone afford to take a family to Mcdonald's for a substantial meal anymore??....say no more.

theMoney