this post was submitted on 13 Jun 2023
9 points (76.5% liked)

Canada

8035 readers
698 users here now

What's going on Canada?

Related Communities

🍁 Meta

🗺️ Provinces / Territories

🏙️ Cities / Local Communities

Sorted alphabetically by city name.

🏒 SportsHockey

Football (NFL): incomplete

Football (CFL): incomplete

Baseball

Basketball

Soccer

💻 Schools / Universities

Sorted by province, then by total full-time enrolment.

💵 Finance, Shopping, Sales

🗣️ Politics

🍁 Social / Culture

Rules

  1. Keep the original title when submitting an article. You can put your own commentary in the body of the post or in the comment section.

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage: lemmy.ca

founded 4 years ago
MODERATORS
[email protected]
[email protected]
9
Governments shunting 'dirty work' on inflation to Bank of Canada, CIBC says - BNN Bloomberg (www.bnnbloomberg.ca)
submitted 2 years ago by sbv to c/[email protected]
2 comments fedilink hide all child comments
 

Economists are increasingly of the belief that Trudeau’s government is working at cross purposes to the central bank. Nearly 70 per cent of respondents to a Bloomberg survey say generous federal spending programs and higher immigration targets have led interest rates steeper than they would have otherwise needed to go.

Instead of targeted policy to limit reduce inflation, the federal and provincial governments have left the Bank of Canada to deal with it.

top 2 comments
sorted by: hot top controversial new old
[–] [email protected] 2 points 2 years ago

The BoCs mandate is to manage inflation, regardless of any excessive federal spending.

[–] [email protected] 0 points 2 years ago

Shocked Pikachu... Tiff is out there trying to cause a recession and unemployment meanwhile Freeland is boasting about the strong GDP and employment numbers. Makes me wonder if the "soft landing" they've been talking about is a multi-year process. Imagine a 3-4% inflation economy for the next 2-3 years.