Description: Stephen Poloz, Bank of Canada governor, cut the key interest rate from 0.75 to 0.5 per cent. This triggers the perception that the economy is in turmoil.
Source: Toronto Star
Date: July 15, 2015
Video Link: http://www.thestar.com/business/2015/07/15/bank-of-canada-cuts-interest-rate.html
Questions for Discussion:
- Why has Stephen Poloz decided to cut the rate?
- How will the cut rate impact you?
- Will the rate cut encourage Canadians to buy more debt?
Leave a Reply