On Point With Alex Pierson

On Wednesday, Governor Tiff Macklem from the Bank of Canada announced that they were increasing policy rates by 50 basis points, bringing us from 3.25%, to 3.75%. So what does this mean to everyday Canadians? Phillip Cross is a Senior Fellow at the Macdonald-Laurier Institute & Fraser Institute with 36 years at Stats Canada specializing in macroeconomics, and he joined Alex to break it all down. Learn more about your ad choices. Visit megaphone.fm/adchoices