The language Tells You Just How Bad The Canadian Economic Situation is: Bank of Canada’s bond market is share is about 40%, The U.S Federal Reserve owns less than 30% of U.S. Treasury notes and bonds – March 16, 2021,
For obvious reasons, the Canadian media has been maintained a strong allegiance with the Prime Minister Who Gave them a bailout. The truth of the matter when you look at Canadian media is that they’re struggling to make a profit, to the point now that they’ve had to use Australian-style extortion tactics to make social media giants pay to spread their news.
Canada vows to be next country to make Facebook pay for news | cbc.ca
Why I bring up Australia in the post is because the Australian economy is heavily reliant on China, to maintain its standard of living, it turns to Leftism economic policies while trying to fend off and stand up to the Chinese Communist ha put them in a bad position.
Canada on the other hand, from a geographic standpoint, we’re as lucky as lucky gets, if a Canadian Prime Minister went into office and did absolutely nothing, he or she would probably see a positive economy, this is no secret everyone knows this, whenever Americans are terrified of their President, their first thought s usually to run to Canada.
So when you look at the economy and what both Stephen Poloz and Justin Trudeau did to it, it should worry you a bit. I can’t leave out Stephen Harper and Stephen Poloz’s role in all of this, because they’re to blame as well, but Justin Trudeau took things to a whole new level with his corruption and spending, it’s not only that the Bank of Canad owns more per-capita bonds than the U.S Federal reserve it’s how Canada is financing public spending.
The rise in the Canadian dollar is bad for manufacturing in both Quebec and Ontario especially during a period in which the U.S economy is slowing. Furthermore, it’s almost like debt-deferrals have magically disappeared, I get that the CERB/UBI spending has been a boast to savings rates, but asset prices continue to rise, which equates to a higher cost of living.
Now, this doesn’t mean much while the economy is on lockdown and people aren’t using their money to be productive, but clearly, if you understand the language being used in the article below, you can see the economic disaster looming for the Canadian economy and just being honest, I understand why these media outlets are framing their articles in the manners in which they are because the last thing they want to do is ring the panic alarm, long before it’s necessary. I personally see 2022 being the problematic year, but who knows, let’s hope things work out well.
Bank of Canada seen cutting bond purchases in April as peak issuance passes | financialpost.com
Interesting times ahead!