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Bank of Canada cuts key interest rate to 2.5%

Bank of Canada cuts key interest rate to 2.5%

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The Bank of Canada has lowered its overnight rate to 2.5%, 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:

  • Listen to Vassy's interview with federal housing minister Gregor Robertson following the launch of the new crown corporation Build Canada Homes
  • Allan Small, Senior Investment Advisor with Allan Small Financial Group, joins the show to help 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 with Laura D'Angelo, Stephanie Levitz and Jamie Ellerton
  • Vassy speaks with Bill Browder about his campaign calling on the Canadian government to expand sanctions on Russia
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