Rate cut good news for Liberals, but won’t shift voter views on economic record, say politicos

'I don't think people are going to wake up tomorrow feeling better about the government than they felt yesterday,' says former Liberal PMO staffer Alex Kohut.

On June 5, Bank of Canada Governor Tiff Macklem announced the central bank would lower its key overnight rate by 25 basis points to 4.75 per cent. The Hill Times photograph by Andrew Meade

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BY IAN CAMPBELL

June 5, 2024

The Bank of Canada’s rate cut is welcome news for the Liberals, but not enough to change their political fortunes, say observers.

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