Life's tough. Will the interest rate cut help?
Podcast |
Front Burner
Publisher |
CBC
Media Type |
audio
Podknife tags |
Canada
News & Politics
Categories Via RSS |
News
Publication Date |
Jun 07, 2024
Episode Duration |
00:27:13

An interest rate cut of a quarter of a percent might not sound like much. But as the first cut in four years following the COVID-19 pandemic and all the economic upheaval that followed, it's a big deal. And it could be the first of several in the months ahead.

But what does that mean for you? How does that affect your ability to afford things like a mortgage, a car, groceries, or growing your business? And after a rocky couple of years, do people even have faith in the Bank of Canada's ability to keep things under control anymore?

CBC senior business correspondent Peter Armstrong breaks it all down, including insights from an exclusive interview with BoC governor Tiff Macklem.

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