Rate relief - CBC Radio

Credit Canada CEO and Money Columnist Bruce Sellery comments on the Bank of Canada's decision to cut interest rates.

June 5, 2024 - The Bank of Canada announced yesterday that the key interest rate has been cut from 5% to 4.75%, which came as a big relief for borrowers and homeowners. Credit Canada CEO and Money Columnist Bruce Sellery talks about what this means and what will happen to interest rates going forward on CBC Radio.