How does the Bank of Canada rate cut impact Canadians? 

Stagflation is coming

The foreign colluding members of Parliament must be dealt with.

Canada is sinking and you're running out of plugs.

While this is good, it's a tiny drop in the bucket. What Canada needs most of all is housing. Build Build Build!

this one will not do much but at least it's going down. It needs at least a full point and half.

.25 down after 4 up. Yipeeeeee thank you so much BOC and Trudeau for these amazing financial times we live in. God bless you 🙏

The Bank is going to see mass hemorrhaging in 25/26 .. when mortgage renewals come in

Where this economics professor honestly thinks wages are too high defies reality. I wonder if he has to spend 3 weeks wages per month just on a rent or mortgage every month.? Must be nice to have been an advisor to the Bank of Canada and getting pay increases well above inflation while the majority of the population suffers from a decline in real wages.

I predict some more inflationary pricing of real estate, along with a decline in the value of the Canadian dollar versus the US greenback. The recession is here, along with capital flight to lower-taxed jurisdictions.

It makes savers and retirees scream as their daily interest savings accounts fall in yield. The same is probably true for one year and possibly two year GIC rates.

I love it, lower it just in time for the CBSA goes on strike to wrap it up to start bringing it back up, but with the stuff going on in the world, the new pandemic around the corner... oh boy time to raise it 100 points yup we cut it 0.25 now we got to increase 100 fold

It means our imports will cost more. Since we import most of pur stuff from the US, our weak dollar will have less purchasing power. As of result, consumer goods will be more expensive.

Out of which side of his mouth is he talking, Canadian are feeling the pain of interest rates because Canada will not go against the culprit with huge debt and will punish Canada with exchange rate depreciation while Canadian are taken to the brink of bankruptcy and banks in USA and Canada are protected. Even if house prices rise which BOC has been unsuccessful in kerbing, Canada needs more housing. Remove obstacles for building and costs drained by local government charges and bylaws which add more cost to housing than the lowered interest rates. Ask a developer what it costs to lay the first bricks, somewhere around 30% of the building costs while we have drastic need for more housing. First time home owners simply are barred from entering market because the cumulative house price hike makes debt servicing impossible.

More inflation means higher rents and higher home prices you are scrwed rather way

Hey my mortgage dropped by $200 a month

They're only lowering it in preparation for the mass of mortgages that come up for renewal in 25, 26, 27...knowing full well the banks will get slaughtered with defaults at present rates. Frankenomics...where economic fundamentals no longer apply.

Inflation is set to hit the moon.

If the government cared it would manditorily pay off all current loans at higher interest rates and establish personal debt at the lower interest rate payable to the bank of canada.

More borrowing, more debt, happy Canadians, Trudie gets reelected 😢😢😢😢

It makes them think they're on their way to getting free money again.

More inflation, higher rent, higher home price and less investors :) 😃

I'm an advocate for having a diverse investment strategy. I grew to a 7 figure mark with my portfolio having exposure to different areas of the market, including small and large-caps of the ETF index, blue chip stocks, coins, grade bonds and alternatives like cryptocurrency markets, as this helps manage the overall risk on my portfolio managed by my FA.. Credits to my adviser, Jeffrey, i have no doubt investing more

Does ray drop is a joke.

This is far from a dealbreaker

This effects me dam it.. im 45 and mortgage free and with no debt..crank up rates to %9 plus for easy savings 😁

Global News, This made me so happy! I liked and subscribed!

wage growth is too high!! What the millionares and billionares need more in their bank accounts now?

The cut was as small as can be.