Bank of Canada cuts interest rates amid COVID-19 pandemic
Finance Minister Bill Morneau speaks after the Bank of Canada cut interest rates amid the COVID-19 pandemic. #cdnpoli #covid19
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40 comments
Scrypt OG April 1, 2020 4:50 pm
Investing is not printing money to buy mortgages and MBS's in a housing bubble, allowing financial institutions and brokers an exit strategy…
That's a bailout, not an investment. An investment doesn't destroy it's users purchasing power by allowing malinvestment to be inflated away, while providing liquidity sourced from the future public to cover over leveraged margin calls due to real rising interest rates while loans timeout.
Lion Alesso April 1, 2020 4:50 pm
Striving after the wind. :DDDDDD
Maryanne Bourgeois April 1, 2020 4:50 pm
On March 17th the Toronto Dominion bank charged me $48 NSF because I was short $2.00 to pay a $5.00 monthly garbage can rental. Do you really think banks are willing to help in a pandemic when they are busy
" nichol and diming" it?
Smoothgrass April 1, 2020 4:50 pm
Banks are being "urged" to be flexible.😆 Banks. Flexible. Urged.
Yeah. Banks are known for their flexibility. I urge the bank to be flexible when my mortgage comes due. I bet they'll urge me to pay it on time, or they'll urge me to live under the overpass. What a joke.
Gina Burlovich-Dicker April 1, 2020 4:50 pm
Lower credit card interest.
N J April 1, 2020 4:50 pm
Are credit card companies and banks going to cancel the
interest on credit cards, line of credit etc etc or are they going to
keep profiting while the
country is suffering ?
Gary Chynne April 1, 2020 4:50 pm
send every canadian 2000 cash directly. more test kits.
Carlos Pita April 1, 2020 4:50 pm
Get rid of income tax
WhoDeany April 1, 2020 4:50 pm
blueberries
Danni Huang April 1, 2020 4:50 pm
when will the banks follow ??
Rogelio Montenegro April 1, 2020 4:50 pm
Does this mean that i don't have to worry about paying mortgage and car payment while recovering if I tested positive and have to stay home?
Blackwater Employee 978463-4314 April 1, 2020 4:50 pm
TAX REVOLT. NO CONFIDENCE
BORED STUPID April 1, 2020 4:50 pm
So far behind the curve! 6 weeks ago some of his might have helped, Gov of Canada->look a Korea and Singapore… they figured it out
Cloud Tribe April 1, 2020 4:50 pm
Why would they cut the rates after just cutting them literally a week ago. We haven't even been hit by the financial crisis and we have almost no interest left to slash. These godamn fools have backed their own citizens into a corner before the mayhem has even began.
Random Guy April 1, 2020 4:50 pm
Yah sure, talk to the banks, they are making record profits, and watch as investors no longer think Canada is a place to invest in and do business.
Joe Tran April 1, 2020 4:50 pm
Banking if you have no money how are you going get some cash if you’re not working, how will everyone get money by borrowing from banks is it free or is it just more a loan that is going to be repaid when we get back to work that if, if we still have a job when everything is back to normal more questions to this this vague promises
chucky ducky April 1, 2020 4:50 pm
Why help Canada, you don't for anything else. Maybe send 200 million to another country to help fight the wuhan flu.
Mich Ellio April 1, 2020 4:50 pm
Maritime Mafia is real.
AKEWSD April 1, 2020 4:50 pm
The worse finance minister, politician loves to talk sweet. Canada is weak because in 1 week wipeout 4 years gain on TSX.
If you want real journalism, ask for the data. TSX WILL HIT 8000 like in 2009, mortgage rate will be 1%, and Real estate will crash like 1988.
Harry Sasquatch April 1, 2020 4:50 pm
None confidence vote anyone yet hello a Canada you home the illegal immigrants are still coming illegally into Qackbec every day one bus load at a time greeted by RCMP bellhops for 6 years now what a disaster liberals are wow even my 10 year old child is just baffled over there stupidity.
regular donkey April 1, 2020 4:50 pm
Zero payroll taxes for a year.
Put the money in our pockets not those of the billionaires.
ben morr April 1, 2020 4:50 pm
When will we see lower rates at ower banks ? What were experiencing is a Dirty Government Crisis ..Get them out !
gedigan April 1, 2020 4:50 pm
the banks get the rate cut, to get more liquidity,(money) not the public! Did anyone see any bank lower its interest rates For You!?
rhwf April 1, 2020 4:50 pm
Seems almost designed to expand public debt and prop up the artificial economy.
Eamon O'Connell April 1, 2020 4:50 pm
Cancel the fed tax. Cancel the carbon tax. Cut personal income tax in half. That's what I want to hear.
RAM-1500 KING OF TRUCKS April 1, 2020 4:50 pm
The only reason they cut rates is because morneau and Trudeau spent and spent..
Canadad April 1, 2020 4:50 pm
Watched you acting swiftly?! HOW?! You’re the most pathetically useless government anywhere!
nik mess April 1, 2020 4:50 pm
bill🖕🖕🖕🖕🖕🖕🖕
JD 28 April 1, 2020 4:50 pm
THE LIBERALS are all POS and who ever voted for them
Dave Mackenzie April 1, 2020 4:50 pm
Sounds like Loblaws is going to some more new fridges!
Neil Legacy April 1, 2020 4:50 pm
Act swiftly yeah right,like always Canada is last to admit this virus is serious.
j k April 1, 2020 4:50 pm
this government loves to use nice sounding words to hide the truth, if you really took action, then we won't have growing out of control community spread now.
Dave Dismantled April 1, 2020 4:50 pm
Lol. Since when did borrowing money become "investing" and bail-outs become "stimulus"?
Lionel Fraser April 1, 2020 4:50 pm
Wow devalue money i worked hard for to pump asset prices this is gonna help the working class so much.
Rama Lama April 1, 2020 4:50 pm
Oh Come on……..if there was a Pandemic…….then why is this government still allowing Illegal border crossers to come unchecked for CoronaVirus……..freely across the Roxam border crossing??? Some one needs to ask this Liberal Government why this is encouraged ( illegal border crossers) by Justin?
Jacquie Richardson April 1, 2020 4:50 pm
But they do absolutely nothing worth while at airports and the illegals crossing our boarders! Absolutely disgusting and we should all be very worried.😷😨😡
Dave Dismantled April 1, 2020 4:50 pm
"The nine most terrifying words in the English are – "I'm from the government and I'm here to help."" – Ronald Reagan
Tommy W April 1, 2020 4:50 pm
Bill "Bubble Boy" Morneau. Buy Bitcoin.
Mike Patel April 1, 2020 4:50 pm
What about the border????????
Justice League April 1, 2020 4:50 pm
Every effort from bottom won’t do anything. One sick case from top just changed everything instantly.