2min chapter

In This Economy?! cover image

So... the interest rate has been cut. Now what?

In This Economy?!

CHAPTER

Intro

The chapter explores the Bank of Canada's recent decision to reduce interest rates for the first time during the pandemic, providing relief for Canadians with various debt obligations. It analyzes the implications of the rate cut on individuals grappling with financial challenges and ponders whether this action signifies a lasting strategy or a temporary measure.

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