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Gerbs · 06-09-2022, 02:10 PM

A good friend of mine just started as a senior analyst at BoC, looks fun, they get to propose their case for interest changes.

As Tapioca mentioned, the Bank of Canada's mandate is to control inflation to ensure the integrity of our dollar. The dollar is what allows us to buy commodities. So it's far more important that this dollar stays stable and valuable so that we don't get spooked and exchange it all for USD. Look what happened to the Russian Ruble, if that happened to our CAD, we'd quickly swap to a new currency for stability.

They obviously worry about household debt, but if given the choice between keeping 2% inflation and a ton of us foreclosing homes. The former is more important as it saves the jobs. We should probably start buying all the tents in case people go homeless.

06-09-2022, 02:10 PM	#22509
Gerbs OMGWTFBBQ is a common word I say everyday Join Date: Nov 2010 Location: / Posts: 5,453 Thanked 3,218 Times in 1,269 Posts Failed 264 Times in 80 Posts Member's Picture Albums	A good friend of mine just started as a senior analyst at BoC, looks fun, they get to propose their case for interest changes. As Tapioca mentioned, the Bank of Canada's mandate is to control inflation to ensure the integrity of our dollar. The dollar is what allows us to buy commodities. So it's far more important that this dollar stays stable and valuable so that we don't get spooked and exchange it all for USD. Look what happened to the Russian Ruble, if that happened to our CAD, we'd quickly swap to a new currency for stability. They obviously worry about household debt, but if given the choice between keeping 2% inflation and a ton of us foreclosing homes. The former is more important as it saves the jobs. We should probably start buying all the tents in case people go homeless. __________________ 2022 Velo N 2005 S2000 2007 CSX Type-S [Sold] 2002 RSX-S [T-Boned]