Global National: Sep. 6, 2023 | Why Bank of Canada is keeping its key interest rate – for now

Wait till the next round of Truedumb's free money giveaway before the next election. Then you will see inflation going through the roof!

Wages grow 5% – "Canadians are making too much money!" Gas goes up 30%, Groceries? Up 30%, Rent? up 30% "Profits are normal for a corporation"

When will CTV News STOP DEFENDING THE GREENBELT DEALS AS A FLAWED DECISION and be honest with its audience, IT WAS A CRIME!

When a group of thugs go into a bank and get caught by the police with bags of loot, it wasn't a FLAWED DECISION solved by identifying their need for a bank loan. Why is the RCMP asleep on this matter? CTV News and Ford just want it to go away? NOT A SCANDAL! IT WAS A CRIME!

The more the west help Ukraine to attack Russian territory the result will be the same for both countries unfortunately nobody is taking to resolve the conflict very few companies benefit from non stop war.

odd Indonesian pic. Biden didn't go to ASEAN……where's Kamala? She went in his stead.

Where there are humans, there are wars, It means that the sun rises from the east forever. Unless the earth was disappeared.

they have to…..ppl are striking all over for more money. That's the recipe for increased inflation…..I was around in the 70's when interest rates were over 20%, with wage and price controls.

It's a bit crazy to look at charging the chip company instead of charging the kid at high school who bought it and then dared his friend to eat it! Lunacy!

Social media – we can all be stars thing – is almost like climate change, very bad

1 billion to Ukraine and how much to Maui?

Bumping the rate and slowing the economy more would force the Liberals to admit they are in a recession. The only reason it is not using the definition is inflation which is also Liebral created.

The housing con job is ushering in your demise. Prior to the 1970s it was difficult to sell a home and might take two to five years. The average price in Vancouver at the end of the sixties was $23,939. In Winnipeg $13,588. A house was a place to live in and while homes were bought and sold they did not form a basis for trade in financial paper in an unregulated monopoly market.

In the early seventies the stage was set to change that. The newly elected premier of BC, for example, did not take a slow boat to China. The lease on Hong Kong expired in 1997. The Triads (gambling, drugs, prostitution) would launder some of their ill-begotten gains in Canada if conditions were in place that caused property prices to escalate.

Agricultural Land Reserve laws were implemented that inspired movements to place a halt on the use of all land. Citizens instilled with a guilt complex were cunningly manipulated into proving that they were a people of compassion and not deniers by rushing to rescue trees. Each attempted use of land was met with organized opposition.

Instead of increasing acreage commensurate with the needs of a rising population land was declared “protected.” Those most affected cheer each time another tract of land is protected that through their action are pricing home ownership beyond reach and tightening the snare on their own demise. Canada has 895,000,000 acres of forest—lacking perspective—none of which may be spared for housing. The equivalent of a molecule in a football field would eliminate the shortfall and bring housing prices back to a normal level. Citizens of a democracy will not allow that to happen.

Building upwards while halting expansion outwards causes home prices and rents to skyrocket creating a gulf between property owners and the remainder that in major urban areas is measured in millions of dollars. Prices and rents cannot come down without a housing surplus.

The earth and the increase that it yields was not promised to Canadians. Couples that realize that their children cannot become established do not raise families. Canada functions like a gigantic enterprise shunting the lifetime earnings of residents exacted through rent, directly into the pockets of the chosen few, of which the aggregate income dwarfs revenue government earns through taxation. Citizens are finagled into demanding rentals, not homes. Tenancies are replenished by immigration. Boundaries are redundant.

Persons at each income level were able to afford to buy a home, before the use of land was halted, as homeowners whose income increased moved upwards to more expensive homes leaving their old homes to be acquired by new entrants. (You can purchase a three-bedroom home in Detroit for $15,000).

Before persons are admitted to public office, whether elected or employed at any level, they should be placed under oath and required to swear to the truth of their response to these questions: Is your ulterior motive in becoming a public servant to place a halt on the use of the land resource? That was not promised to Canadians? That will cause home prices to skyrocket and shunt the lifetime earnings of citizens exacted through rent directly into the pockets of the chosen few? Unjustly enriching them and leaving residents impoverished and homeless?

The air quality in Edmonton has been very bad most of the summer.

"Why Bank of Canada is keeping its key interest rate"? – Because the rich are profiting off of it.

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