The Bank of Canada has cut its key interest rate by 25 basis points to 4.5%. This is the Bank’s second consecutive rate cut, and they’ve signaled more cuts ahead. Joining the show today to discuss what the latest rate cut means for Canada’s economy and for you, is renowned economist Don Drummond. Don has held several senior roles at the Federal Department of Finance where he was responsible for economic analysis, fiscal and tax policies. Don speaks with host Pamela Ritchie to dive into what lower interest rates could mean for the CAPEX story? And might lower interest rates spur further investment into Canada? They’ll also unpack inflation, wages, mortgages, immigration, and more. Let’s get to it.

Recorded on July 25, 2024.

At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information.

For a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics’ Advisor Digital Experience Study.