The Governor of the Bank of Canada, Tiff Macklem, announced the fourth policy interest rate cut this year, down by a quarter of a percentage point to 2.25%, signaling a steadiness in inflation, while simultaneously warning of a weakening economy. It comes in the midst of a volatile U.S.-Canada trade war, and ahead of a later-than-usual federal budget, with a projected deficit of close to $70 billion. Host Mike Eppel speaks to Barry Schwartz, President and Chief Investment Officer at Baskin Wealth to get a pulse check of the Canadian economy ahead of the upcoming November 4th federal budget.

In This Economy?!

[email protected] (Mike Eppel)

A snip to rates and a surge on the markets: an economic check-up!

OCT 31, 202523 MIN
In This Economy?!

A snip to rates and a surge on the markets: an economic check-up!

OCT 31, 202523 MIN

Description

The Governor of the Bank of Canada, Tiff Macklem, announced the fourth policy interest rate cut this year, down by a quarter of a percentage point to 2.25%, signaling a steadiness in inflation, while simultaneously warning of a weakening economy. It comes in the midst of a volatile U.S.-Canada trade war, and ahead of a later-than-usual federal budget, with a projected deficit of close to $70 billion. Host Mike Eppel speaks to Barry Schwartz, President and Chief Investment Officer at Baskin Wealth to get a pulse check of the Canadian economy ahead of the upcoming November 4th federal budget. Do you have a topic that's confounding you in this economy?   We'll be happy to dig into it for you and get you the answers you need.  Email us at: [email protected]. Thank you for listening!