Bank of Nova Scotia T.BNS

Interest rates would be 200 bps lower if gov't spent less

[FiddyFiddyShot]

“There is no question in our minds that fiscal policy has complicated the task of monetary policy in Canada,” said chief economist Jean-Franois Perrault and Ren Lalonde, director of modelling and forecasting.

“Interest rates are substantially higher than they would be had government consumption spending at all levels of government remained fixed in relation to GDP.”
https://financialpost.com/news/government-spending-pushed-up-interest-rates-scotiabank#:~:text=Scotiabank%20Global%20Economics%20calculates%20that,Federal%20pandemic%20relief%20to%20households.

[BiggyG]

This is what you get for electing a school teacher as PM and appointing a journalist as a Finance minister. Nuff said

[FiddyFiddyShot]

And dim-witted Canadians put the Boy Blunder in office not once, not twice, but THREE TIMES ! Canadians continue to show the world they ain't the brightest bunch....

[Puma1back]

Are you nuts, we would have a 60 cent dollar and import more inflation than any government spending.  

[FiddyFiddyShot]

We're not far off right now from a 60-cent dollar.  It cost me a buck 42 today to buy USD.