Bank of Canada rate cut is 'breath of fresh air' for Trudeau government

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Federal Liberal Government,Bank Of Canada,Chrystia Freeland

The first Bank of Canada interest rate cut in four years on Wednesday prompted joy among ministers in the federal Liberal government, which faces daily...

Bank of Canada rate cut is 'breath of fresh air' for Trudeau governmentOTTAWA - The first Bank of Canada interest rate cut in four years on Wednesday prompted joy among ministers in the federal Liberal government, which faces daily accusations from the opposition that it is responsible for high living costs.

"We're starting the summer saying to ourselves, 'I think that we are on the other side of the mountain.'" Finance Minister Chrystia Freeland, who has presided over a ballooning budget deficit, described the rate cut as welcome news. In a statement, the Conservatives said the "government cannot declare victory as a result of this tiny rate cut because millions of Canadians continue to suffer as a result of their policies."MSNBC Host Chris Hayes Guffaws At Matt Gaetz's 'Law' Defense Of Trump"It’s a terrible, terrible path that they’re leading us to," the former president said. "And it’s very possible that it’s going to have to happen to them.

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