“In the future, the Canadian dollar will remain at the centre of our current financial system,” Macklem said during evening testimony at the Senate banking committee on April 27. “We have our Canadian currency, and we have a certain exchange rate. So, we need a monetary policy in Canada for Canadians which reflects the needs of Canadians.”
“In a digital economy, there are reasons why this might be good for Canadians to have the opportunity to have a cryptocurrency or digital funds in the central bank,” Macklem said. “We’ll be ready when the time comes to make a decision. Right now, it’s being looked at.”whether the private sector is taking the lead on regulatory conversations
financialpost BoC governor
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Crypto has potential but it won't usurp the loonie: Bank of Canada governorCrypto has potential but it won't usurp the loonie: Bank of Canada governor — via financialpost Finance Crypto
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John Robson: Pay no attention to Tiff Macklem, the man behind the Bank of Canada curtainHere we go again. Experiencing a significant public policy failure, in this case inflation, we must decide whether to face it squarely or suppress impudent… Tiff is a bureaucrat and an academic. He has no business being in charge. We need someone who understands what it is like to actually have skin in the game. CancelIvoryTowerPower Summary: recession inbound, Robot man shrugs shoulders and says he didn’t see that coming. Psst - hey Tiff, it’s a coming. Likely appointed by WEF
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Handling your digital estate: What to do with your social media, crypto once you're goneMore Canadians are likely faced with the task of deciding what to do with their digital estate once they're gone, whether that means protecting their cryptocurrency or leaving their social media accounts in someone else's hands.
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Pierre Poilievre says he would oppose Bank of Canada’s proposed digital currency if elected PMThe Conservative leadership hopeful also said at a news conference Thursday that he would increase parliamentary oversight of the central bank Naaah I won’t vote for him and I will tell all my friends and family the same globepolitics Why not let the free market decide? I’d rather the government controlled the currency I used rather than some shady crypto currency from god knows where. Get money out of the hands of govt. Let'r RIP. Oligarchs rule!
Source: globeandmail - 🏆 5. / 92 Read more »
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