Tonight on The Brian Crombie Hour, Brian is joined by Carl Gomez, one of Canada’s leading economists, for a deep dive into the Bank of Canada’s interest rate cuts, the mortgage reset crunch, and the broader forces shaping our economy. Carl explains how the Bank’s move to lower rates from 5% to 2.25% is stabilizing inflation fears but warns that the real solutions to Canada’s economic slowdown must come from structural reform, not just monetary policy.
Together they explore:
- How upcoming mortgage renewals could raise payments by $1,000 a month for many households
- Why the housing market is cooling — and what that means for affordability and investment
- The impact of U.S. trade tariffs on manufacturing and industrial real estate
- And why Canada must pivot toward productivity, AI innovation, and diversified trade if it wants real, lasting growth