The Bank of Canada has lowered its key interest rate to 2.25 per cent. The quarter-point cut is the second consecutive rate cut by the central bank and comes amid the ongoing U.S. trade tensions. The Bank also released its Monetary Policy Report, warning that the trade conflict is "fundamentally reshaping" Canada's economy. Is the Bank optimistic or pessimistic on the economic future? Could future cuts be on the horizon? Joining today's episode to unpack what the latest Bank of Canada decision means for markets and the economy, is renowned economist Don Drummond. Don is a former Chief Economist at TD Financial Group, and current Stauffer-Dunning Fellow and Distinguished Visiting Scholar in the School of Policy Studies at Queens University.

Recorded on October 30, 2025.

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