Interest Rates Up 50 Basis Points In New Bank Of Canada Increases
The Alex Pierson Show · 640 Toronto / Curiouscast
October 26, 202210m 59s
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Show Notes
On Wednesday, Governor Tiff Macklem from the Bank of Canada announced that they were increasing policy rates by 50 basis points, bringing us from 3.25%, to 3.75%. So what does this mean to everyday Canadians? Phillip Cross is a Senior Fellow at the Macdonald-Laurier Institute & Fraser Institute with 36 years at Stats Canada specializing in macroeconomics, and he joined Alex to break it all down.
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