Why the Bank of Canada is suddenly concerned about economic growth

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Why the Bank of Canada is suddenly concerned about economic growth 4.5
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💬 Comments on the video
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The Canadian Government has taken a hostile attitude towards business investment. It is winding down the economy while ramping up immigration. What's the strategy here?

Author — Cayrick Pan

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The economy is a disaster and no part of it is globally competitive. Telecom, banking, airlines, all of it propped up by the government and this is the result: 10+ years of stagnation.

Author — ThunderboltTangerine

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Cautious consumers do not spend when government spending is out of control.

Author — Drops O Sense

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O'Leary was correct - Under a re-elected Trudeau Government, the Economy would have near zero growth. Now with unprecedented spending, the alienation of Alberta as a cash cow to Quebec, and the alienation of our major trade partners, unprecedented immigration draining tax money and reducing jobs is going to Bankrupt Canada. I hardly think this is accidental.

Author — Bryan C

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Do you realize who is managing the country ? Corruption scandals do NOT help build the economy !

Author — mark mcdonald

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The Coronavirus (COVID-19) will greatly affect global markets and trade. Canada will see a recession this year, and it will come sooner than you think.

Author — Tim Coolican

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I would like to know where these guys have been for the last 5 years? I know their heads we're up their you know where! I guess they finally pulled their head out and now see the light. The outlook for Canada and we Canadians are in deep crap because of one mans idealistic thinking and we all know who that is, it's time for him to go and go for good we can't keep this man and his criminal bunch here in government. STRIP TRUDEAU OF HIS TITLE OF PM AND GET THE CRIMINAL BUNCH HE PLAYS WITH OUT OF CANADA

Author — Bella Greene

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I believe that now at the end of February we are now in a recession. There will be very little investment in Canada in the foreseeable future. I think right now the bank of Canada is saying what are we gonna do now.

Author — Stan Barnes

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I have been trying to tell the libs - there won't be anyone working anymore to pay for their pets

Author — Bev Hohner

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Consumer spending low is odd despute wage rise and employment? Sure for every extra $1000 in your pocket there is $2000 more going out in rent insurance food - even hydro ffs. I mean didnt you get the memo that 48% of Canadians are $200 a month away from insolvency? Thanks Wynne & Trudeau for your hard arrogance in assuming you know how to run the system - the lack of professional stewardship is truly astounding.. You have destroyed the economic viability of this nation, trading it away to buy votes at the behest of global political interests just as Soros told you to like good luttle children.

Author — sadBelly

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Welcome to Alberta Canada! Missing oil now?

Author — BingBang Done

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How can it be?
The Cartel Kingpin True-dope weed business and his Super Spectacular economic stimulus didn't do a dam thing ?

Author — Lok Tom

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The world knows CANADA IS CLOSED FOR BUSINESS

Author — Susan Auger

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One vote of No-Confidence against Trudeau and all this BS goes away!!!.

Author — Jeff Dewe

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Bill MORON Morneau is sure the nation's budget will be balanced after you elect his great grandson's son. Therefore keep voting the MORONS in power. He's a genius from the Paradise Bank Scheme.

Author — Lok Tom

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Growth is impossible due to many roadblocks recession very likely to happen interest rates will continue to cut to prod up investment in real estate that is our only option.canada main gdp are service and energy.we are running out of options

Author — Joe Tran

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Warren Buffet just divested $9 billion from a keebec LNG project (IN Should that concern the fools in gov't?

Author — David WEUM

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How close are we to having the budget balance itself? Also, do you think the gay pride industry can pull us through, now that the flying butthole has shut down energy and manufacturing?

Author — Ross Haskell

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Sadly Blackface will blame EVERYTHING on the virus. Smart, real Canadians know better!

Author — Susan Auger

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If Canada is smart they would keep interest rates at 1.75% virtually until we are deep into a recession. Let the US and Europe lower rates because Canada's interest rate has no impact on the TSX (ironically enough) or the world-wide global economy due to Canada's economy simply being too small. The US and EU will continue cutting which will inadvertently allow the TSX to rise and allow more business investment, at-least publicly, into the TSX. Let the Canadian Dollar stay steady like we had in the last recession. Lowering rates is one of the biggest economic fallacies of all time - it doesn't help a countries economic downturn AT ALL.

The other point is, it is tiresome of hearing all these people talk about "no inflation". Really? Can someone enlighten me as to whose food, electricity, gas/hydro (house), gas (car) and property tax has gone done year over year? I have yet to talk to anyone. The reality is most inflation numbers are total fake news and don't include many daily expenditures that the average citizen spends. The reason for this is so inflation numbers can be kept artificially low as to give a reason for central banks to cut rates and print more money for their rich friends.

TLDR: Don't cut rates and stop touting low inflation when REAL inflation is actually around 4% a year.

Author — TransCanada Weather