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 Capital Markets, talks with Financial Post’s Larysa Harapyn about how shifting risks are informing the Bank of Canada’s rate decisions.

Fixed or variable? Which is best after rate cut?

Ron Butler, mortgage broker at Butler Mortgage, talks about what the Bank of Canada rate cut means for borrowers, and whether fixed or variable is the better option.

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