Are variable or fixed rates better after Bank of Canada cut?

Homes for sale in the Leslieville neighborhood of Toronto, Ont. Photo by Mark Sommerfeld/Bloomberg files

This week FP video takes a close look at whether variable or fixed mortgage rates are better after the Bank of Canada ‘s latest interest rate cut and the factors driving the central bank’s rate decisions. Plus, why a new pipeline won’t bring back Canada’s massive oil boom.

Pipe Dream: Why nation-building may not revive the oilpatch

Remember the massive oil boom over a decade ago? Downtown was booming, jobs were plentiful, and oil companies were flush with cash. It felt like the good times would never end. But even if a new pipeline gets built, that era may be gone for good.

Bank of Canada’s rate cut driven by shifting risks

Benjamin Tal, deputy chief economist at CIBC Cap