Why it’s good that BOC monetizes govt spending ! It's fabulous and obviously risk free thst the bank of Canada has opened the spigots and now directly monetizes 100% of Canada's govt shortfalls . It means interest rates can be set to any artificial low level and freidland can then talk about how much we are saving to be spending !
Canada has the most sophisticated shrewd banking sector in the entire world . Obviously nothing bad will happen from this and obviously we are all going to be rich in the process !! Have a merry Christmas and happy Hanukkah Canada !!! Let's enjoy our rate and amazing talents at money markets !! We deserve it and we are much richer than we think .