The central bank promised low interest rates would last — then hiked them aggressively. A new report says the Bank’s messaging helped nudge borrowers toward variable-rates mortgages that many homeowners now regret.
“You can be confident that interest rates will be low for a long time.”
Bank of Canada governor Tiff Macklem will forever wear those words, spoken in October 2020, according to a new report from TD’s chief economist.
Macklem’s message, delivered at a time when the central bank was trying to project calm and stimulate the economy with ultralow interest rates amid the disruption of the pandemic, was aimed at businesses considering new investments and “household(s) considering making a major purchase.”
So the Bank of Canada instructs the corporate class to deny workers wage increases in order to fight inflation.
The corporate class demands the immigration floodgates be opened because a huge pool of cheap labour is a sure fire way to depress wages.
The Bank of Canada raises interest rates injecting the fear of homelessness into a divided and fearful population.
The Liberal government destroys our energy base and raises its hated carbon tax to increase the cost of everything.
Everything suddenly seems to break all at once from air travel to health care to government services.
Public servants reveal that immigration policy is being set by the likes of Dominic Barton & McKinsey & Company.
Feeling manipulated yet?
