Elites debate boosting the economy, but for whom?
Elites and the talking heads in the media are arguing about how to respond to Canada’s soured economic outlook. Who should try to boost the economy, the federal government via…
Bank of Canada
When Bad News is Good News: Harper’s Call to Poloz
Was there any concrete economic reason for Stephen Harper to call Stephen Poloz yesterday, as global stock markets continued their gyrations? And then to have his office subsequently issue a…
Is another recession on its way?
Is another recession on its way? Louis-Philippe Rochon Associate Professor, Laurentian University Co-editor, Review of Keynesian Economics Canada’s economy shrank in the first quarter by a whopping 0.6%. Is this…
The central banker who talked too much
The central banker who talked too much Louis-Philippe Rochon Associate Professor of economics, Laurentian University Co-Editor, Review of Keynesian Economics On Tuesday, Governor of the Bank of Canada, Stephen Poloz…
Bank of Canada Holds Rate Steady
The Bank of Canada released it’s quarterly Monetary Report today, and held rates firm at 3/4 per cent. The Bank cut growth expectations for 2015, but expects Canada’s GDP to…
Rocco Galati in court to challenge how Bank of Canada does business
Richard Hughes-Political Blogger The mysterious world of money, making it, printing it,spending it. There has been contrary views regarding the role of banks in controlling our money supply since the…
Bank of Canada Court Case Won in Federal Court-Huge Ramifications Claimed
Richard Hughes-Political Blogger A great many Canadians have heard various rumblings about the wealth transfer scheme that kicked in shifting a great deal of control and profit from the Bank…
ROCHON: Harper in closet over the economy as Canada heads toward another recession
This guest blog post has been written by Louis-Philippe Rochon. You can follow him on Twitter @Lprochon – Harper’s recent incarnation as an anti-terrorist crusader has caught many Canadians by…
Rochon Asks: “Is the Canadian economy unraveling?”
In a recent CBC blog post, Louis-Philippe Rochon assesses the current state of the Canadian economy. The link to the blog post is here. Follow him on Twitter @Lprochon.
Rochon on the Bank of Canada’s Decision to Lower the Rate of Interest
Louis-Philippe Rochon—who now blogs for CBC—argues that almost nobody had been expecting the Bank of Canada’s recent decision to lower the rate of interest. His post can be found here.…
Banks and Balanced Budgets
The Bank of Canada surprised most analysts this week when it decided to cut rates by 25 basis points. The move comes after the price of oil has tumbled below…
Low Oil Prices, Good or Bad for Canada?
Unless you’ve been hiding under a rock somewhere, you’re probably well aware that the price of oil has fallen dramatically, to less than $50 / barrel. What this means for…
Louis-Philippe Rochon’s Top 10 Economic Predictions for 2015
Louis-Philippe Rochon has written a provocative blog post for the CBC titled “Top 10 Economic Predictions for 2015.” The post is available here.
Canadians still demand female representation on banknotes
The call for more female representation in Canada remains loud and clear as an online petition demanding that the Bank of Canada include women on Canadian banknotes opens 2015 with…
The Mighty (Pol)Oz Speaks
But his message is not being well-received. No, not at all. Recommend this Post
Oil and Gas Investors Get Warning–Pension Funds at Risk
Blaise Salmon Thanks to Mark Carney, former governor of the Bank of Canada and current governor of the Bank of England, for his warning that the “vast majority” of the…
Bank of Canada, Exports, and LMI
Much has been made about Stephen Poloz’s decision to abandon ‘forward guidance’ in Bank of Canada rate setting announcements for the time being. Critics bemoan the loss of direction from…
The Odd Conversion of Mainstream Economists to the Virtues of Depreciation
The long-overdue depreciation of Canada’s currency is gathering steam. The dollar lost 8 cents against its U.S. counterpart, in fits and starts, over 2013. It’s lost another 2 cents since…
Myths of central banking
The Bank of Canada has been in the news lately – or, more precisely, the news has been full of other well-placed people telling our central bankers what to do.…