26 min listen
Is the Bank of Canada courting disaster for many Canadians?
FromThe Big Story
ratings:
Length:
21 minutes
Released:
Jan 25, 2024
Format:
Podcast episode
Description
Experts predict the Bank of Canada will begin to lower interest rates later this year—just not Wednesday when it held the rate flat. But as inflation has slowed in many areas, it's created an interesting problem for the bank and a troubling one for many Canadians.One of the main factors driving inflation right now is the cost of shelter—otherwise known as rising rents and mortgage costs. Those increases are driven by ... the high interest rates the bank is waiting to lower. The BoC wants to follow through on its "soft landing" by taking a cautious approach to lowering rates. But by waiting too long, are they courting disaster for millions of Canadians trying to make their monthly home payments?GUEST: David Macdonald, senior economist for the Canadian Centre for Policy Alternatives’ National Office
We love feedback at The Big Story, as well as suggestions for future episodes. You can find us:Through email at hello@thebigstorypodcast.ca Or by calling 416-935-5935 and leaving us a voicemailOr @thebigstoryfpn on Twitter
We love feedback at The Big Story, as well as suggestions for future episodes. You can find us:Through email at hello@thebigstorypodcast.ca Or by calling 416-935-5935 and leaving us a voicemailOr @thebigstoryfpn on Twitter
Released:
Jan 25, 2024
Format:
Podcast episode
Titles in the series (100)
Meet the west coast's Indigenous guardians: There are places on the coast of British Columbia that can go weeks without a visit from the coast guard or government official. But the land is cared for all the same, and so is anyone who finds themselves in danger while they're on it. The practice of Indigenous guardians goes back centuries, but recently it has been both formalized and funded by the government, giving First Nations the authority and resources to watch over their lands. It's an arrangement that may spread across the country and return more stewardship of forests, lakes and oceans to the people who have lived on them for so long... and this is how it works. GUEST: Jimmy Thomson, writing for The Narwhal by The Big Story