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Fundamental Changes Are Needed to Reinvigorate Canada’s Economy

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Fundamental Changes Are Needed to Reinvigorate Canada’s Economy
Bank of Canada governor Tiff Macklem speaks at a press conference in Ottawa on Dec. 11, 2024. The Canadian Press/Adrian Wyld
Tom Czitron
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Commentary
The Bank of Canada lowered its key interest rate by 0.5 percentage points to 3.25 percent on Dec. 11. This was the second meeting in a row that saw the central bank make a 0.5 percentage point cut.
Tom Czitron
Tom Czitron
Author
Tom Czitron is a former portfolio manager with more than four decades of investment experience, particularly in fixed income and asset mix strategy. He is a former lead manager of Royal Bank’s main bond fund.