Someone with a better knowledge of economics (Natasha? Time to - TopicsExpress

Someone with a better knowledge of economics (Natasha? Time to shine) explain this to me: -The Bank of Canada cuts its interest rate, in part to stimulate the economy by incentivizing Canadians to take out loans and mortgages. -The most profitable companies in Canada - the big five banks - arent going to cut their lending rates in order to protect their profits from instability. -Did the Bank of Canada just give the five most profitable companies in Canada billions of dollars through the marginal difference in their lending rates?

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