Deputy Prime Minister and Finance Minister Chrystia Freeland said on Sept. 7 that Canadians should have “trust” in the Bank of Canada to tackle inflation after it announced another rate hike earlier that day. “From my perspective, now more than ever is a time for Canadians to build social trust with each other and to…

Economist Steve Hanke has warned Americans to prepare for a “whopper” of a recession next year, while taking aim at the Federal Reserve’s narrative over the current sky-high inflation levels. Hanke, a professor of applied economics at Johns Hopkins University, made the comment in an interview on CNBC’s “Street Signs Asia” on Aug. 29. Hanke said that the…

Commentary With prices soaring at the pumps and the checkout line, Canada’s inflation rate (measured by the Consumer Price Index) hit 5.1 percent in January, the highest rate since 1991. While the Bank of Canada raised its policy interest rate from 0.25 percent to 0.50 percent on March 2, the central bank may need to…

Commentary Retail investors continue to eagerly buy every dip or decline in stocks in hopes that stock prices will soon make new all-time highs. While they’re throwing money at stocks, they can’t see the warning signs that financial conditions are tightening. When financial conditions become too tight, risk assets tend to crash. Investors are willfully…

The money supply in Canada and the United States is substantially increasing, leading some to believe higher inflation will inevitably follow. The Bank of Canada tripled its balance sheet between early March and end of April 2020 as federal responses to the pandemic created large deficits. This increased the money supply of cash and chequing deposits…