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…
Canadians Should ‘Trust’ Central Bank Will Rein In Inflation, Says Finance Minister
US Recession Is Going to Be a Real ‘Whopper’: Economist
August 30, 2022
admin
Business & Marketseconomic policieseconomyFederal Reserveinflationjerome powellmoney supplyrecessionstagflationUSUS News
0 Comment
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…
Canada Faces Perfect Inflation Storm
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…
Financial Conditions Are Tightening
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…
Higher Money Supply Raises Inflation Concerns
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…
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta