Bank of Canada lowers rate to one percent

Yesterday, the Bank of Canada lowered its benchmark interest rate to a record low of 1%, the lowest policy rate since the Bank of Canada was founded in 1934.

I'll be in CTV Edmonton evening news today discussing the impact and whether this rate cut affects you!

For more information on the credit dead-lock, inflationary fears globally and the Canadian banking/lending landscape, check out the following articles:

• Banks provide relief with mortgage cuts (reportonbusiness.com)


• Canada finds itself in a 'credit deadlock' (calgaryherald.com)


• What if deflation threatens Canada? (vancouversun.com)


• Bank of Canada cuts interest rate (calgary.ctv.ca)


• Bank of Canada cuts lending rate to record low of 1%
(cbc.ca)