Jules Boudreau, Senior Economist at Mackenzie Investments, dives into the recent interest rate cut by the Bank of Canada and its potential impacts on Canadian households. He expresses concern over the economy's trajectory, highlighting the need for lower rates amid rising unemployment. The conversation explores how these cuts could influence consumer spending and the real estate market. Boudreau also discusses the challenges of accurately forecasting economic shifts, especially with tariff threats complicating inflation and growth rates.