The Bank of Canada has announced it has cut its policy interest rate by 25 basis points, bringing it down to 2.75% amid looming threats and what the central bank called “pervasive uncertainty”. Scotiabank’s Chief Economist Jean-François Perrault returns to the podcast to help unpack the announcement, how the uncertainty alone may be impacting Canadians, the outlook for Canada’s economy, and much more.
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Key moments this episode:
1:35 - JF’s main takeaway from the Bank of Canada’s decision to cut its policy rate
2:27 - Did the central bank make the right decision?
2:28 - Where are we at in terms of inflation in Canada?
7:17 - Could the tariff measures implemented to date and the uncertainty alone push us into recession?
10:02 - JF’s thoughts on rate cut decisions for the rest of the year
11:07 - What are the chances of an interest rate increase at this point?
11:53 - What JF has to say to Canadians who may be worried
12:39 - JF’s main takeaways from the Bank of Canada’s interest rate decision
