What you need to know about today’s interest rate announcement

Our colleagues at Maclean’s host a live roundtable of economists and business reporters to parse Stephen Poloz’s latest move

Bank of Canada governor Stephen Poloz

Bank of Canada governor Stephen Poloz. (Adrian Wyld/CP)

Updates: The Bank of Canada has lowered the interest rate to 0.5%

Today the Bank of Canada announced it would cut the overnight lending rate by 25 basis points, to 0.5%.

At 11 AM, our colleagues at Maclean’s will host this live chat about the decision, and what it means for individual Canadians and the economy as a whole. Maclean’s business editor Jason Kirby will moderate a live chat with our own Canadian Business Western bureau chief Michael McCulloughMoneySense senior editor Romana King, who specializes in personal finance and real estate; Stephen Gordon, an economics professor at Laval University; and Canadian Business columnist Mike Moffatt, an economics professor at the Ivey Business School.

Join us here at 11 AM EST for the live discussion, and pose your questions to our expert commentators.