Rebuilding the Canadian economy in the post-Covid era Jack Mintz takes on the Keynesians • Last week the newly appointed UK Prime Minister had to pivot. Her proposed tax cuts sent the UK economy into a tailspin. Yet, Canada’s PBO says tax cuts are the way to go. • In 2021 the Bank of Canada had to pivot, like most central banks. But its emphatic, its not going to pivot again. Not until the policy rate is higher than the inflation rate. • Former Governor David Dodge says we should expect hi...
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Rebuilding the Canadian economy in the post-Covid era Jack Mintz takes on the Keynesians • Last week the newly appointed UK Prime Minister had to pivot. Her proposed tax cuts sent the UK economy into a tailspin. Yet, Canada’s PBO says tax cuts are the way to go. • In 2021 the Bank of Canada had to pivot, like most central banks. But its emphatic, its not going to pivot again. Not until the policy rate is higher than the inflation rate. • Former Governor David Dodge says we should expect hi...
GA - The Monthly with host Peter Kent and guests Steve Ambler and Jeremy Kronick from CD Howe
The Monthly
48 minutes
3 years ago
GA - The Monthly with host Peter Kent and guests Steve Ambler and Jeremy Kronick from CD Howe
How did the Bank of Canada get inflation so wrong? One explanation for the misjudgment – like many central banks – is that they took their eye off of tightly managing the money supply. With inflation now well above the 2% target, last week’s whopping 1% policy rate increase – not seen since the 08/09 Great Financial Crisis – caught most of us off-guard. Tom Keene, with Bloomberg Surveillance is calling it the biggest shock of the week, leading to the opening of the flood gates. &n...
The Monthly
Rebuilding the Canadian economy in the post-Covid era Jack Mintz takes on the Keynesians • Last week the newly appointed UK Prime Minister had to pivot. Her proposed tax cuts sent the UK economy into a tailspin. Yet, Canada’s PBO says tax cuts are the way to go. • In 2021 the Bank of Canada had to pivot, like most central banks. But its emphatic, its not going to pivot again. Not until the policy rate is higher than the inflation rate. • Former Governor David Dodge says we should expect hi...
