A Maclean’s expert economic panel parses the Bank of Canada’s rate cut

Our expert panel breaks down the day’s economic newsmaker

<p>The Bank of Canada marker is pictured in Ottawa on September 6, 2011. The Bank of Canada will release its latest monetary policy report this morning &#8212; a document expected to explore the economic damage inflicted by falling oil prices. THE CANADIAN PRESS/Sean Kilpatrick</p>

The Bank of Canada marker is pictured in Ottawa on September 6, 2011. (THE CANADIAN PRESS/Sean Kilpatrick)

Governor of the Bank of Canada Stephen Poloz arrives at a commons finance committee on Parliament Hill on Tuesday, April 28, 2015. THE CANADIAN PRESS/Justin Tang
Governor of the Bank of Canada Stephen Poloz arrives at a commons finance committee on Parliament Hill on Tuesday, April 28, 2015. THE CANADIAN PRESS/Justin Tang

After the Bank of Canada announced its latest interest rate cut, Maclean’s hosted a panel of experts to make sense of the news. Business editor Jason Kirby moderated a live chat with MoneySense senior editor Romana King, who specializes in personal finance and real estate; Michael McCullough, managing editor of Canadian Business’s western bureau; Stephen Gordon, an economics professor at Laval University; and Mike Moffatt, an economics professor at the Ivey Business School. Gordon and Moffatt are both Econowatch bloggers at macleans.ca. Find the full recap below.