Bank of Canada cuts key interest rate by 25 basis points: panel

Because the economy is tanking thanks to Trudeau !

Unofficial recession ....this .25% is a rearranging of the deck chairs on the titanic.

Breaking news my butt 😑👎🏻 " Stop the oppression of the poor with higher taxes and higher interest rates 😠👎🏻

bye bye CAD

Inflation is coming back with a vengeance embrace for the Canadian $ crashing

I guess 38 billion in repo foreclosures the bankshave enough to pay the execs

Imagine how much rates will drop when we get that teenage girl (trudeau) out with canadas credit card.

All we need to do is devalue our currency, increase exports and immigration, and a higher carbon tax.

This rate cut does absolutely nothing to help ordinary Canadians. I find it ridiculous that the federal government will not commit on making life affordable for Canadians beginning with scrapping the carbon tax. This tax in my opinion is creating artificial inflation because the cost of doing business that involves fuel that's taxed to the max is going to impact everybody.

The cost of everything has increased more than most wages. This cut does nothing. It doesnt put money in pockets , most ppl are just accruing slightly less debt

Panicking about the Toronto and Vancouver real estate market while overheating the rest of the Canadian economy.

I think B T C and E T H are more likely to retest the resistance and then go down. But as always, things are changing day by day and all we can do is trade responsibly, monitor the markets and reevaluate our strategies often. I want to thank Randy Douglas for being my source of crypto education as I comfortably made 12.7 BTC.

I guess we are in a Recession. Now keep dropping the interest rate until we are in Negative Rates again and Have Bank Bail ins

Soon as I heard cohort. Game over

Cut means nothing, still expensive to borrow. Doesn't make it any easier.

Cut rate further or we get massive unemployment in the construction industry. Thousands of projects have already been cancelled or delayed because of high interest rates.

25 basis points, really? I told you all this Tiff fellow is incompetent and needs to be replaced. The whole economy is edging towards a precipice and he keeps extending threads incrementally to stop it. The first rate cut in 2024 was supposed to be 50 basis points but he went smaller. Consumers sat on the fence and unemployment ran away. He got nervous and this time you would think 50 basis points to make up for his earlier inadequacy but no! He doubled down with another quartet. Still nothing will change because nobody can afford vacations anymore and are cutting back. People sold off their cottages to avoid the additional tax on a second property. They got no where far to go. Demand for gasoline has been low and now rapidly winding down owing to a cooler summer than usual. The market is oversaturated with listings nobody is buying. All the housing supplies being built for the past two years are now becoming available pushing prices down rapidly. Rents are high. Mortgages are very high. Bankruptcies are on the rise. Companies are folding from low sales and low demand for products and are laying off in droves. This Tiff fella is clueless up there in the ivory tower. I'm not an economist or trained in mathematics just a guy from the street and even I would have done a better job at BoC that Tiff. It's funny how people praise the so-called "professionals" who don't know what they are doing but pretend they. A street guy like me wouldn't even get a job at BoC; they'd look down on my pedigree. And yet, I know precisely how many basis points is needed each time to get this ship to port. Funny indeed.

And when this will drill down to the ppl so we can see this on mortgage s and other interest rates??

Election must be coming up

Debt junkies