The Bank of Canada Lost $522 million in Q3. Taxpayers will pick up the bill

The Bank of Canada and Tiff Macklem lost $522 million in Q3, so isn't this a perfect time to raise the question of why this institution that sucks so much money exists? How it gets everything wrong. I explain the yield curve and how the Bank of Canada is responsible for one thing and one thing only: sentiment and the overnight rate. We also talk about the massive nearly half-a-trillion-dollar balance sheet. We also talk about how it has created a much worse recession by holding interest rates too low for too long.

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