Negative Interest Rates Coming to Canada? The U.S dollar really, really hates Joe Biden, U.S dollar continues to slide – February 24, 2021,

The numbers on the Canadian economy look horrendous, if Justin Trudeau wasn’t handing out Canadian currency like candy, the Canadian economy would have crashed already. In America, forbearances are becoming a normal talking point and everyone knows there will come a day when all of these U.S mortgages in default will have to pay up. Well in Canada, things are actually worse, our real estate market is actually valued per-capita higher than the United States and per capita, we have fewer productive people contributing to the Canadian economy.

So at least on paper, the Canadian economy right now looks worse than the U.S economy, I could write about auto-loans and commercial leases, but I’ll leave that alone for now. The easy solution for the Canadian central bank and the Canadian federal government to avoid economic disaster will be to go Negative-interest-rates because I remind you that Joe Biden’s plans for the U.S economy is not going to spur economic growth, it might stimulate the stock markets, but people moving paper around looking for profits in the stock market actually destroy America’s economy which Canada is dependent on selling too with cheaper Canadian dollars.

Being that Justin Trudeau has created a scenario in which servicing Canada’s debts is going to be difficult to achieve, the simple solution is to kick that can down the road will be negative interest rates. Now, as I’ve been stating over and over again, Canada is not Japan, a lot of people like to point to Japan as where the world is headed to, but Japan still makes things, Japan is 100% reliant on the U.S consumer, Japan doesn’t have the welfare state Canada has, Japan still manufacturers things, the savings rates in Japan are still very high.

The Japanese central bank is openly debasing its currency because its political policymakers aren’t destroying their ability to produce and manufacture things. Sure manufacturing in Japan is expensive but unlike Canada, Japan is very supportive of its industries.

The oil patch is under attack, that’s Canada’s bread and butter, Justin Trudeau has been of no help to Canada’s economy, Japan would never kill its breadwinner, I have Japanese-made products all over my house. So if the Bank of Canada is forced to go negative, I just hope Canadians comprehend that Canada is NO JAPAN!

Donald Trump was the best thing to happen to Justin Trudeau, Joe Biden may indeed be the worst. For all of you Conservative voters out there, I won’t vote for Erin O’Toole if I were you. This economic collapse is INEVITABLE! Justin Trudeau has destroyed the Canadian economy, it’s going to collapse and if you vote for Erin O’Toole he has openly stated that he will CONSERVE a lot of the Liberal Party of Canada’s environmental policies, and even if he wins he’ll win a minority government. If you care about Conservatism in Canada, you’ll want to consider Maxime Bernier and the People’s Party of Canada, because the coming collapse will require cutting government regulations, something Erin O’Toole appears unwilling to do.

Interesting times ahead!