Two-thirds of Canadians 'desperately' need interest rates to go down: survey

A new survey says the Bank of Canada's recent interest rate cut did little to change Canadians' negative perceptions about their personal finances.

Two-thirds of respondents say they desperately need interest rates to go down, as more than half indicate they are concerned rates may not fall quickly enough to provide the financial relief they require.

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Bank of Canada's cutting cycle a 'big tailwind for Canadians': economistOne economist says that over the longer term, Canada’s interest rate-cutting cycle will spur strong economic growth relative to the U.S.
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