In this episode, I'llunpack the Bank of Canada’s decision to cut its key interest rate by another 50 basis points, marking a cumulative 175-point reduction. Learn why these moves were made, their immediate effects on Canadians, and the broader risks and opportunities they present for the economy.
Also in this episode:
- U.S. Inflation: November inflation nudges upward to 2.7%. Energy prices decline but food and shelter costs see notable rises, keeping economic pressures in play.
- Canadian Rent Trends: Rents drop to a 15-month low, offering relief for new renters. Yet, prices remain significantly higher compared to two and three years ago.
- Airline Industry Outlook: Global airline revenue is projected to soar past $1 trillion by 2025, despite delivery delays and environmental concerns tied to expansion.
This content was originally posted on the Beavis Wealth YouTube Channel