Bank of Canada cuts interest rates twice in 2022 due to economic concerns.

Bank of Canada cuts interest rates twice in 2022 to a level last seen in summer 2021, raising concerns about economy, housing market, and individual finances. Economists Mark Rendell and Matt Lundy will answer questions about these rate decisions on Aug 7th at 1 p.m. ET. The Sahm Rule, which triggers interest rate cuts when unemployment exceeds a certain threshold, has led to market panic, potentially causing the Federal Reserve to lower rates by 1.25 percentage points this year.

August 06, 2024
5 Articles