Tense Richmond Cowichan meeting, & Bank of Canada cuts interest rates

Tensions were high and as expected it was standing room only at a meeting held last night in Richmond. It was an information meeting for landowners affected by a recent court ruling. The B.C. Supreme Court ruled in August that a parcel of land in south Richmond was historically a Cowichan summer village.

The Bank of Canada has cut its benchmark interest rate by a quarter point today to 2.25% as economists widely expected. Bank of Canada governor Tiff Macklem says there isn't much more it can do at this point to help the country through the turmoil tied to tariffs - something he considers a structural shock to the economy.

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