Quote:
Originally Posted by bodaggin
Man are you semantic. Affordability was the number 1 or number 2 issue of this election, depending who you ask. Affordability. High prices. The result, of inflation. Caused by the $300-400B Covid Currency supply expansion.
BoC holdings of GoC bonds increased by $400B post-cov.
https://www.bankofcanada.ca/rates/bankin...sets-and-liabilities-weekly-formerly-b2/
Was this an example of BoC's "independence"? Was this an example of them "guiding" the economy?
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You're re-writing history and/or misunderstanding a bunch of things and conflating them all. COVID is over. Decisions were made that weren't perfect in hindsight. The alternative was an economic disaster. This was repeated all over developed economies.
It's 2025. Inflation is back within the BoC's preferred range.
Are you suggesting, with a straight face, that any deficit spending is bad and we should get to a balanced budget as of the next Federal budget (to be done shortly after the election)?
Do you actually believe the BoC governor takes marching orders from the PMO?
Did you figure out why the US and Canada didn't default like Sri Lanka yet?