Dawn Desjardins, chief economist at Deloitte Canada, talks with Financial Post's Larysa Harapyn about whether newly-released inflation numbers will affect the Bank of Canada's rate cut schedule.
1% interest cut is good to help many small businesses in their loan interest payments....every 1% rate reduction in business loans can help another year of survival in this recessionary economy.
Given Canada's worst in the G7 by far, and absolutely massive DEBT distortion both Mortgage/Consumer and Gov't fiscal trajectories therein..... the BoC may well indeed be about to find out why they are called Bond Market "vigilantes" upon further rate cuts into resurgent inflation.
