Post by
CANCDN on Nov 30, 2020 7:52pm
Negative interest rates
In the economic update, the federal government noted in section 2.3.3 (of the top of my head), that Canadians and in particular, Canadians who arnt experiencing impacts of the pandemic have savings at record highs. It noted the government of Canada will take steps to get that money into the economy to help with the economic rebound.
it doesn't provide any further details, but if I am guessing, this means either 0 or negative interest rates cause I am not sure how else they can force people to spent their savings other than take it away from them.
if this happens, look out!!
Comment by
Sapho on Nov 30, 2020 8:26pm
I guess you have to be at certain catefory as they might want to tax the rich. Better hide money under the bed.