The Loonie Hour Bank of Canada Abandons Inflation Mandate
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Mar 14, 2025 The Bank of Canada has made surprising cuts to interest rates amid a looming crisis, raising concerns about future inflation. Mark Carney is discussed as a potential Prime Minister, while the carbon tax sparks debate over job losses in oil and gas. Global economic connections are explored, revealing the impact of U.S. tariffs on Canada and questioning the central bank's strategies. The hosts delve into skepticism over government narratives affecting housing and investments, all while navigational trade dilemmas and the need for regulatory reforms are highlighted.
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Investment Opportunity
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Policy Reversal
- The Liberal Party has abandoned its core policies, the carbon tax and capital gains inclusion rate increase.
- This shift demonstrates a willingness to adapt for political survival.
Rate Cut and Crisis
- The Bank of Canada cut rates, citing a new crisis and potential severe economic damage.
- This move comes despite their mandate to fight inflation, which they admit will likely increase.