Ladies and gentlemen, let’s get something straight: The Bank of Canada just made a desperate move to keep the illusion of stability alive in a country that is already spiraling into economic disaster.
Tiff Macklem, the so-called head of our central bank, just announced the sixth consecutive rate cut, slashing the overnight rate to 3%. On the surface, that might sound like good news for some. Cheaper mortgages, maybe a little relief on your debt. But let’s be real—this isn’t economic strength. This is a blinking red warning light that our economy is in free fall.
And here’s what they’re not telling you: The Bank of Canada isn’t just cutting rates. They’re restarting asset purchases in March — which, in plain English, means they’re turning the money printers back on. This is what central banks do when they’re out of real solutions. When they can’t grow the economy naturally, they inflate their way out of the problem. The same reckless policy that triggered the inflation crisis in 2021 is coming back, and they’re hoping you’re too distracted to notice.
So why are they doing this? Because Canada’s economy is collapsing…
New: Trump signs new executive orders and speaks to reporters in the Oval Office. (28min)
Via CTVNews: Rona Ambrosegoes on a 3 minute schooling of Trudeau, the Liberals and the disaster they’ve created.
Meanwhile, Where’s Waldo?
Plus! Foreign Minister Joly is doing a great job making diplomatic inroads in the alternate-dimension United States where Tim Kaine holds any power.
I’m gonna start buy more vinyl from Canada at a BIG discount!
Coincidentally, Kenji, I was thinking about selling my vinyl…lots of jazz pressings circa 70s 80s and 90s.
Might keep my ecm Bright Size Life that young Pat Metheny did with Jaco and Paul, though.
Otherwise….fire sale!
Hard bop only … no “smooth jazz”. Having said that … I am a John Klemmer fan and an Earl Klugh fan
Que the Royal Canadian Mint ,I can’t wait to see Justin on the New Canadian peso.
Or the CA$100 Trillion bill.
“When they can’t grow the economy naturally…”
How exactly do central banks grow economies “naturally”, if not by using their (limited) monetary policy tools?
Yeah, I thought that. The economy grows when people get up, go to work and produce something of value. We need to take all the telephone sanitizers, and DEI coordinators, put them on the B Ark and blast them off into space.
This off topic but it does reflect how things are going in Canada and reflects the lies our media spin! At 5.02PM Friday, JAN 31,2025—- ON CTV THERE ARE 9 Stories on the Liberal Party——-You ask how many stories on the other federal parties —-O ( Zero)
No wonder our economy is ” Spiraling into economic disaster”!
Free The West!
No, they covered all “uni parties”
Oh, and it is too late to free the west, despite Danielle’s lovely efforts.
Just look at the mayors in western cities.
Ditto BC.
I live in the BC interior, having retired from Alberta, and, although there is a conservative sentiment on both sides of the great divide, it is sporadic and lacking in sound and fury.
The critical mass just ain’t here in this tenuous country.
We are too few and too spread out across a vast wilderness.
That is why upper and lower canada continue to call the shots, to our detriment.
Have a nice day.
NO! The term UNIparty does not fit in my context!
Sorry Stevie!
Happy that I have Au $ Ag coins, plus more US$ investments than Canadian, very Sad for most Canadians out there that are just starting out, what a burden this and other governments have placed on our youth.
Oopes.
Better invest in more base metals before they become truly unaffordable.
“Better invest in more base metals”
As in high speed lead?
Never mind “precious” metals, the cecessary ones are lead, copper, brass, steel.
May you live in interesting times.
Growing up just outside of Philadelphia, I always admired Canada, always jealous that they also had big cities, but without all the filth and murder that plagues American cities (especially Philly). Canada seemed to “have it going on” – a big beautiful country, with a bright future while at the same time seemingly perfecting the British commonwealth model. It’s a damn shame what The Turd has done. You people can’t give up though. It’s always darkest before the dawn. Have faith!
Excellent Comment ! We now have only one Leader TC. Albert’s Premier Danielle Smith!
I was so hopeful for Trump—- but to impose tariffs on a Friend that’s down! Our Alliance grows weak I’m fearing!
The tariffs are our only hope, end this shithole before they can do their worst.
His father started the decline 60 years ago. These two retards have ruined this country.
I finally agree with this website that Teslas are trash and should be banned. In fact, people should be encouraged to vandalize those pieces of crap
Nahhh… Overcharge ’em and they vandalize themselves.
148 years to accumulate $1 Trillion in Federal debt. Trudeau and his Liberals/NDP managed to double that in 9 years. Watch the Feds try to bail out everybody again with more ‘free money’ soon for another $Trillion.
I can hear Carney and Freeland now: “Vote fot me, vote for me!”
Trillion? You really think that the stealth UBI that they’re planning is only going to cost one Trillion? It will be like winning the lottery that it will only cost one Trillion.
You forgot: “ Free Stuff! Free Stuff!”
And the sheeple bleat in response: “Count us in! Count us in!”
“The real reason behind mass immigration wasn’t to fill labor shortages—it was to inflate GDP numbers, suppress wages, and benefit big business.”
And votes. Don’t forget the votes, Dan.
Canada is devaluing the currency to deal with the tariffs, just as Trump (and Sundance) knew they would.
devaluing is an interesting way to convey “debasing”.
Trudeau et al have so mishandled the economy, they are willing to totally tank it to blame someone else.
L- There are rumoured to be approximately 5 million temp. student/work visas about to expire. Many of
the people are from India. The opportunities they were promised were a scam between the Trudeau
Liberals and some employers driving down wages in Canada e.i. truck driving, unskilled(survivor jobs), semi-
skilled. Canada now has indentured(slave) labour in some sectors.
Not renewing those temp visas would do more to lower the cost of housing in Canada than decades of building new homes. It might be kinder in the medium to long run, too?
Canada’s economy is in recession(depression?), with unemployment climbing and no end in sight.
Social Assistance is not keeping up with the cost of living. Many foreign students are in fake schools and with another round of inflation pending, as the Cdn. dollar drops, yet again and again. Living in a growing economy produces optimism. While living in a shrinking one exudes a dark, grim miasma.
Is there an upside economy somewhere else?
“India is on track to become the world’s third largest economy by 2027, surpassing Japan and Germany, and have the third largest stock market by 2030, thanks to global trends and key investments the country has made in technology and energy.
India is already the fastest-growing economy in the world, having clocked 5.5% average gross domestic product growth over the past decade. Now, three megatrends—global offshoring, digitalization and energy transition—are setting the scene for unprecedented economic growth in the country of more than 1 billion people.”
https://www.morganstanley.com/ideas/investment-opportunities-in-india
Would India want any oil or gas?
Could be lots of Indians heading towards warmer climate. Better do something about that border. What a dilemma the Liberals/NDP has.
Central banks have no ability to “grow the economy”.
They are simply legal counterfeiters. They provide nothing of value at the best of times, and rob people of their savings when they’re “working”.
Central banks simply tinker with the token that represents underlying wealth, and they should be made illegal.
Again.
Is Tiffany aiming to out carny Carney?
His brilliant plan was to reduce interest rates to near zero, and still didn’t have the desired effect of additional investment.