Bank of Canada’s Tiff Macklem: ‘Expect a rising path for interest rates’

19 comments

1. Trudeau needs low rates for his massive spending. Tiff is holding them. Blame Omicron. What a laugh.

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   1. All Trudeau cares about is the Pakistani’s and Punjabs losing their homes so the Bank of Canada will never raise the Bank of Canada rate to even make the smallest dent in inflation. Canada and America will hyperinflate in 2023 and beyond once the midterm elections are over this November in America.

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2. Prime Minister spend

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3. i feel better already

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4. How does this help me?

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   1. You get to make the bankers richer.

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   2. It doesn’t. They said immigration will solve the inflation problem. That’s like saying cocaine will solve a drug user’s problem.

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5. Gremlins

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6. 87

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7. justinflaltion

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8. You know what can also “control inflation”? Not printing more money than has been printed since the 1960s.

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   1. That wouldn’t have any affect as the the gap between the Bank of Canada rate and the inflation rate are the widest in all of history. Canada is doomed to hyperinflation as small interest rate increases will do nothing to slowdown the true rate of inflation.

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   2. Money supply up 481% since 2000. Housing index up 421% since 2000. Hmmm, think there might be a connection?

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9. Prime Minister spend

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10. You know what can also “control inflation”? Not printing more money than has been printed since the 1960s.

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    1. Well Einstein if you look back to the past maybe raise interest rates above the rate of inflation and beg America to go back on the gold standard.

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11. You know what can also “control inflation”? Not printing more money than has been printed since the 1960s.

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12. It appears the 6 rate increases slated for the future will now become 1 or 2 at best. Inflation to the moon and beyond. Every renter will freeze to death on the street if the owners of the rentals puts them up for sale.

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13. Ya know they say you live your life for the next generation but what I see in this country is the exact opposite. Young Canadians save up and leave Canada. Your elders and political leaders have decided your future is not important to them and that your are a peasant who is to pay for our pensions aye, pay your taxes aye and shut up pull up your boot straps aye. Young Canadians you are paying taxes to a system that doesn’t benefit you. High taxes, high inflation, homes you can’t afford and collapsing healthcare system is all that you will have to look forward to. Search for anywhere you can afford.

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