Bank of Canada slashes interest rate to 0.5 per cent

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 … Continue reading Bank of Canada slashes interest rate to 0.5 per cent