This economic moment, according to the Bank of Canada
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This economic moment, according to the Bank of Canada
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Guests: Deputy Governor of the Bank of Canada Sharon Kozicki and Star Business Reporter Ana Pereira
Recently, the Bank of Canada announced their latest interest rate decision, holding it at 2.75% - its second pause after seven consecutive cuts. In attempting to explain this decision, Bank of Canada Governor Tiff Macklem said, ‘The Canadian economy is softer but not sharply weaker.’ And what does that mean exactly, right?
Star Business reporter Ana Pereira sat down with Bank of Canada Deputy Governor Sharon Kozicki to ask about how the bank came to this decision, how the central bank is handling Trump’s volatile tariffs announcements and, generally, how the Bank plans to take care of Canadians as we teeter on the brink of another recession.
Host Julia De Laurentiis Johnston and Ana analyze Governor Kozicki’s answers and talk about what the Bank of Canada is concentrating on right now and the way it affects Canadians, especially Torontonians, in this economic moment.
PLUS: Is the Bank of Canada in the middle of something of a build back trust outreach tour with young Torontonians in particular, based on how they kind of bungled communication during the last recession?
Produced by Julia De Laurentiis Johnston, Paulo Marques, Sean Pattendon and Serena Austin.