Bank of Canada Cuts Interest Rates: Kevin O'Leary Doesn't Think It Was a Mistake. Western C
On July 15, the Bank of Canada cut its key interest rate 25 basis points to 0.5%, with some commentary from Stephen Poloz that was less than cautious optimism. Kevin O'Leary of O'Leary Financial Group (and Shark Tank) also commented to BNN how this rate cut was a "big mistake", there are bigger problems and the cut won't have a big impact. On top of this dismal commentary, the USD-CAD exchange rate has been getting hammered (hammered assuming you want the CAD to have a high