Bank of Canada Rate Cut and Structural Risks

Multiple witnesses tell CBC News that U.S. Ambassador to Canada Pete Hoekstra lashed out at Ontario trade representative David Paterson at an event in Ottawa on Monday, with one witness saying Hoekstra appeared to be upset about Ontario's U.S. ad and could be heard using the F-word. Former minister of foreign affairs John Manley and former U.S. ambassador to Canada Gordon Giffin react. Plus, CBC's Peter Armstrong breaks down why the Bank of Canada delivered another interest rate cut on Wednesday, and why the Federal Reserve did the same in the U.S.