/biz/ - Business & Finance

>>54003759
They're lying because they know they've destroyed the currency.

>>54003759
They're fucking themselves when inflation ramps up again and the main reason they can get away with it is the size of the economy.
In 2021, GDP of Canada amounted to about 1.99 trillion U.S. dollars and GDP of the United States amounted to about 23 trillion U.S. dollars.

>>54003759
Canada don't have 30year fixed rate mortgage. Their small rate hike is already crashing their real estate market.

US is more resilient since after 2008, variable rate mortgage is basically gone from the residential world, and is used near exclusively in commercial transaction only.

>>54003759
Because the U.S. economy is SO prosperous that it's literally destroying itself. Things are actually too good if you can believe it! Canada is having some trouble so they don't need to keep raising rates, but the quality of life for the average American is rising at such a high speed that the government actually has to pump the breaks on it or people won't be able to handle the incredible existence that they're rocketing towards. It's like if we advanced technology too quickly, it might outpace people's ability to use it responsibly. The same is the case in the U.S. where things are so good (unless you're a racist Nazi incel of course) that people might not be prepared to handle them, so we have to keep raising rates.

>>54003759
Half of Canada's economy is just pricegouging houses and importing millions of Third Worlders to keep demand artificially inflated.

>>54003759
because canada has a central bank that works for canada. the united states has a cartel of commercial banks with monopoly power to print the domestic currency which is also the global reserve currency and they work for themselves rather than any particular country. they wont stop until other central banks are collapsing.

Because we only have 5 year fixed mortgages not 30.

Our entire system is about to implode and we can't pivot unless Powell does so. Also we have to still be near the FEDs rate or our loonie craters and inflation goes back up. Our economy is in a catch 22

>>54003759
>canada
>jarvis pull up the canadian dollar to mexican peso

>>54003793
Better to protect the economy than the currency, 'tis always been so

>>54003918

>>54003759
Because the actions of the bank of Canada don't really matter. If the USA has high inflation then Canada will too.

>>54003759
Because jpow answers to the banks
Jamie Dimon is involved in the Epstein scandal
He’s telling jpow to hurt the economy as revenge

>>54003918

>>54003901
>works for Canada
>refuses to let Canada's joke of a housing market crash and instead allows our shitty currency to devalue even more
Gee thanks

>>54003759
Looking forward to the grocery store prices