19 min listen
The Bank of Canada’s plan to cool inflation
FromThe Decibel
ratings:
Length:
15 minutes
Released:
Jan 27, 2022
Format:
Podcast episode
Description
In a surprising twist, at least in Bank of Canada news, the central bank decided on Wednesday to keep its key interest rate at a record low of 0.25 per cent. It was widely expected that the bank would announce a rate hike in order to cool Canada’s soaring inflation.The Governor of the Bank of Canada, Tiff Macklem, did say interest rate hikes are coming in the near future – and that means borrowing costs are also going up.Mark Rendell covers the Bank of Canada, finance and economics for The Globe. He explains what the Bank of Canada’s recent decision means. Plus, he’ll get into just how our central bank works and its role in making our economy run smoothly.
Released:
Jan 27, 2022
Format:
Podcast episode
Titles in the series (100)
Canada's 'Bitcoin Widow' finally speaks: When Gerald Cotten died suddenly in 2018, he was only 30 years old, but fabulously wealthy thanks to founding Quadriga, one of the first cryptocurrency exchanges. Or at least, that’s how it seemed. His death coincided with growing concerns about the legitimacy of Quadriga. After investigating, the Ontario Securities Commission said Quadriga was run like a Ponzi scheme. More than Quadriga clients collectively lost more than $200 million. Jennifer Kathleen Margaret Roberston was Cotten’s wife, and was there when he died. And despite being at the centre of a huge scandal, she’s never spoken publicly about her husband’s fraud or death – or the suspicion it cast on her – until now. Telecom reporter Alexandra Posadzki and ROB reporter Joe Castaldo interviewed Robertson about her memoir, Bitcoin Widow: Love, Betrayal and the Missing Millions. They bring us that interview, and their expertise as journalists who’ve been covering this story from the be by The Decibel