What does Canada’s latest interest rate cut mean for housing and food inflation?

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The Bank of Canada reduced its benchmark interest rate by a quarter point to 2.25 per cent for the second rate cut in a row, bringing a small measure of relief for Canadian families struggling with mortgage payments and debt.

Governor Tiff Macklem says U.S. President Donald Trump’s tariffs and trade war have inflicted “structural” damage to the Canadian Economy. He also suggested this may be the end of the current rate-cutting cycle.

Anne Gaviola has more on what this means for the housing market, variable-rate mortgages and food inflation.