opinion

Lowering rates when the economy weakens has always been a basic strategy, but the Bank of Canada kept rates too low for too long during the pandemic, producing an inflationary hangover.

The No. 1 problem in personal finance today is that the cost of living your life is oppressively high.

We will soon see if lower interest rates can fix the problem. The answer is likely no.

With the economy struggling, there’s a good chance the Bank of Canada will trim its trendsetting overnight rate on Wednesday or later on in the fall. In the United States, President Donald Trump is aggressively pressuring the Federal Reserve to lower rates by a lot.

While rate cuts sound like just the thing for affordability-challenged households, they could do more harm than good to the country’s person

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