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Re: History of the Canadian Dollar
What is the beaver buck worth when house prices are now higher in British Columbia than they are in California? To add to the misery, Statistics Canada now reports 9.5% annual inflation in food prices in Canada. And just to cap-off the misery, oil prices are basing-out and on their way back-up, so gasoline prices are going-up next...... For this, we need a Bank of Canada??????????????????
And electric rates in BC are now going to double this year thanks to Gordon Campbell's mis-management of the BC economy and his government's hostility to atomic power and hostility to construction of hydro-electric dams. His government of West Coast eco-frauds was even hostile to construction of coal-fired power plants, even with Vancouver Island coal readily available. So now electric rates are doubling, as if we all had good jobs in the provincial govn't and could pay these doublings..... But let's not forget: the real enabler of this inflation was the Bank of Canada and its one-quarter of one percent lending rate for the beaver buck.
This is not a cute currency used by beavers. This currency is going down-the-toilet along with the rest of the world's fiat currencies. And Canada is going down-the-toilet along with the rest of the world, despite its resources and despite its exports, all thanks to the insanely inflationary policies of the Bank of Canada.
Carney at the Bank of Canada should now resign and give this country a break.
Let's think about our near future thanks to the Bank of Canada: a doubling of utility bills in BC, spiraling food prices in all provinces, and no-one will be able to afford to drive to the grocery store...... Enjoy your summer.Last edited by Starving Steve; May 06, 2009, 01:06 PM. -
Re: History of the Canadian Dollar
Yep - this is the new loonie thanks to the BoC. I voted with my feet, and moved to Canada's lowest tax regime. Other than complain ... it's all you can do
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