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This is a transactional move by the bank and its governor, Mark Carney, about the least the markets expected but less than a 50-basis-point increase that might have been justified by the strong economic data. Read more: www.montrealgazette.com...
The modest increase is explained by the cautionary language of the central bank's guidance, noting "the economic recovery is proceeding but is increasingly uneven across some countries," while acknowledging "the possibility of renewed weakness in Europe." Read more: www.montrealgazette.com...
A look inside the April unemployment numbers of 8.1 per cent shows Quebec, at 7.9 per cent, below the national average, and nearly a full point below Ontario's 8.8 per cent. You don't see that every day. In fact Quebec added 35,000 jobs in April and 91,000 since last July. When the May numbers come in, Quebec will likely have created more than 100,000 jobs in less than a year. (You'd think Jean Charest would be able to sell those numbers. Robert Bourassa sure would have, having once run on a slogan of 100,000 jobs over four years, not one.) Read more: www.montrealgazette.com...
There is no doubt that we have come out of the recession in better shape than any of our G7 partners. Read more: www.montrealgazette.com...
BMO economist Doug Porter
Originally posted by Grossac
The fact remains that Canada is still controlled by the international banksters. We borrow money from banks at compounded interest when we have the ability to borrow it from the bank of Canada interest free... We could litterally pay off our debt with money from the bank of Canada, interest free. Even if they put interest on it, it comes back to us as the bank is ours.
Originally posted by For(Home)Country
Originally posted by Grossac
The fact remains that Canada is still controlled by the international banksters. We borrow money from banks at compounded interest when we have the ability to borrow it from the bank of Canada interest free... We could litterally pay off our debt with money from the bank of Canada, interest free. Even if they put interest on it, it comes back to us as the bank is ours.
What? That doesn't even make sense! Do you even know the main function of the Bank of Canada? They lend overnight loans to the banks us average citizens use at specific interest rates called the "Bankers rate" I believe, which determines the interest rate on your loan when you go to the bank. Depending on the rate the BoC sets, that determines how stimulated the populace is for spending. The Bank Of Canada controls inflation levels to keep them around 2% annual.
I don't know where you get this idea of the average citizen borrowing from the BoC at 0%? The economy would be in hyper-inflation if we could do that.
Originally posted by For(Home)Country
reply to post by Danbones
You got evidence to back this up, or is this just merely a paranoid attitude?
Because the way I see it, people are getting jobs and things are getting back on track.
Originally posted by Rook1545
reply to post by v3_exceed
I don't know where you are, but out in my neck of the woods there was a bit of a hiccup, and then business as usual.