"I think that's not right," he said during an interview on CTV's Question Period airing Sunday. "In fact, what the stimulus did was to keep the economy from going into a deep hole in which we would have experienced persistent deflation."
In response to affordability concerns, the federal government has repeatedly referenced their national childcare program, as a means to combat higher costs of living. Nine provincial and territorial governments have signed childcare deals with the federal government, while Ontario and New Brunswick have yet to sign on.
The average inflation rate for member countries of the Organization for Economic Co-operation and Development is currently at 4.3 per cent but Poilievre says the problem is only a global issue as a result of other central banks around the world taking a similar approach to Canada on fiscal stimulus.
Sure. In the same universe, baked beans are not the cause of flatulence. It’s frightening when the average joe/jane knows more about what fuels inflation than a former BoC governor is willing to admit.
Just O'Toole grasping at political straws. Unfortunately, he keeps picking the wrong straws
Inept government policy blocking supply chains. done. Pay me ,$500k to to point out the obvious.
If he follows the post-retirement arc of Alan Greenspan, he’ll be making revisions to his opinions and end up arguing against his old self. bankofcanada federalreserve
I thought printing a lot of money contributed to inflation but what do I know (maybe nothing!)
We are awake not woke
Bull Pucky we know the reason
Certainly agree with Banker GREED is the leading cause and businesses are out to fleece us! Let’s open up our milk and egg producers to cut costs and allow competition! Fellow Canadians don’t pay high prices leave expensive meat and chicken and pork with them and switch to pasta
PierrePoilievre
Unbelievable. Trudeau paid media
Debt is money that you owe to someone else. You have debt not money. Printing money deflates the value of your currency. You circulate 100% more dollars your dollar is worth 50% less on the exchange rates with countries that have not done that. Our dollar has remained stable.
Really? Is this guy a Liberalor what? How about printing money like it is going out of style. Overextending our budget to bring the largest deficit in CDN history! That is the cause
Bull. You are watching the premier of True Dough Two ... The Return of the 24% Interest ... How We all Became Pay Day Loan Clients ... Starring Trudeau The Younger and Christia....An Oscar waiting to happen.
Yeah, right.
Debt and money printing
Carbon taxes, higher utilities (hydro, natural gas ) including cell phone & cable which are federally or prov regulated & could move downward by either regulatory decree or competition. Crazy housing mkt - with investors & realtors making things worse. I have missed anything?
Of course the Bank of Canada is never going to bite the hand that feeds it. When you put more money into circulation, you get inflation!
Sure is
All Canadians know its Justinflation
Hence the term former governor
Nonsense. The BoC, along with central banks around the world monetized trillions in fiscal stimulus. More currency units chasing fewer goods. It's not just a Canadian problem, but it is a direct result of printing money.
Finally someone who breaks it down to the numbskull Cons. They have little understanding of Economics working in real time. If our government had not injected funds into the economy during lock downs and job losses...there would be too little money for people to survive.
Sure thing CTV. Money printers go brrr!!!
Former BoC Governor says conservatives wrong without offering reasons for inflation. Economics gives a couple of reasons for inflation: increasing money supply and increasing demands. Demand increases come from needs and or wants associated with money.
This Twitter thread says it all about Poloz
BS
Brought to You by Al Jazeera North. and You thought the CBC was Left Wing Bias. Same Gang that has blamed all of Canada's Covid problems on Doug Ford while singing Surfer Boys praises.
BS. Quantitative Easing is the direct cause.
This argument says we can print any amount of money without impact. That’s obviously BS. Liberal narrative, however false, must be maintained at any cost.
So according to the former Bank of Canada Governor, government spending definitely averted deflation, but it definitely did not cause inflation.
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