Bank of Canada Cuts Rates to 4.5% - What It Means

The Beavis Wealth Podcast

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In this episode, the Bank of Canada reduces its benchmark interest rate to 4.5% amid shifting economic priorities. Governor Tiff Macklem discusses future rate cuts as inflation nears the 2% target. We examine the implications for homeowners and the overall economic outlook.

Also in this episode:

💼 The MNP Consumer Debt Index reveals financial strain despite recent rate cuts, with many Canadians struggling to make ends meet.

🛒 Canada introduces a new grocery code of conduct to address tensions between retailers and suppliers, aiming to foster fairer practices in the industry.

📉 Visa's stock drops after a revenue miss, prompting analysts to lower their price targets, despite solid earnings growth.

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