Why the latest interest rate cut isn't necessarily a reason to celebrate

This week on Under One Roof, LJ, Fred and Martin are talking about the Bank of Canada's most recent decision to slash interest rates by 25 basis points, and what this says about the current state of the Canadian economy.  They also tackle the Statistics Canada report that finds more and more Canadians are falling into debt, how long consumer proposals remain on your credit report, which investment property offers the best return on investment, and whether you should go with a fixed or variable rate mortgage right now.