Bank of Canada Reduces Prime Rate AGAIN!

What this episode covers

The Canadian government announced a 50 basis points cut in interest rates, with the prime rate dropping from 5.95% to 5.45%, and the overnight rate falling to 3.25%. But what does this mean for Canadians, and how will it affect the economy in the long term? In this episode, Marcus and Justin discuss the implications of the rate cut, what it means for inflation, the real estate market, and the broader Canadian economy.

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Frequently Asked Questions

How long is this episode of Make Money Count?

This episode is 16 minutes long.

When was this Make Money Count episode published?

This episode was published on December 12, 2024.

What is this episode about?

The Canadian government announced a 50 basis points cut in interest rates, with the prime rate dropping from 5.95% to 5.45%, and the overnight rate falling to 3.25%. But what does this mean for Canadians, and how will it affect the economy in the...

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