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Enbridge Inc
> Interest rates would be 200 bps lower if gov't spent less
Post by
FiddyFiddyShot on Nov 20, 2023 11:00am
Interest rates would be 200 bps lower if gov't spent less
“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.
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