Printing Without Reporting. What Carney appears to be orchestrating is an attempt to print money without calling it money printing. By separating capital and operational budgets, the government can borrow or “invest” more heavily in projects that align with its political ideology—especially under the VCM-ESG (Voluntary Carbon Markets – Environmental, Social, and Governance) framework.
The problem? These initiatives are not profitable. They create the illusion of growth while devaluing the currency. As the Loonie weakens, the cost of imports will climb sharply, straining households and small businesses already crushed by inflation.