The Monthly

Rebuilding the Canadian economy in the post-Covid eraJack Mintz takes on the Keynesians• Last week the newly appointed UK Prime Minister had to pivot.Her proposed tax cuts sent the UK economy into a tailspin.Yet, Canada’s PBO says tax cuts are the way to go.• In 2021 the Bank of Canada had to pivot, like most central banks.But its emphatic, its not going to pivot again.Not until the policy rate is higher than the inflation rate.• Former Governor David Dodge says we should expect higher intere...

Rebuilding the Canadian Economy in the post-Covid Era: Supply Management, Corruption and RussiaBill BrowderNY Times Best Selling AuthorGlobal Fund ManagerMagnitsky Law initiatorHon. Peter Kent, hostThursday, September 15, 2022Sergei Magnitsky was a 37-year-old tax lawyer and auditor, married, having two of the most adorable children when he was brutally beaten to death in a cold Russian jail cell on November 9, 2010 – all because he uncovered a $230 billion money laundering scheme – orchestra...

Rebuilding the Canadian economy in the post-Covid eraWill the central banks be able to withstand the heat? · At the recent Jackson Hole economic policy symposium Jerome Powell, the head of the US central bank, spent 8-minutes making it abundantly clear he’s going to get inflation under control. A speech that cost some of America’s richest citizens, almost $10 billion a minute as the S&P 500 index dropped 6.5 percent. · &...

Rebuilding the Canadian Economy in the post-Covid Era - What's with China?Hon. Peter Kent, moderator• Global inflation is higher, reflecting the impact of the Russian invasion of Ukraine, ongoing supply constraints, and strong demand, says one Bank of Canada news release after another… often with a simple reference to China and the restrictive measures being taken to contain COVID-19 outbreaks.• But wait, there’s now the Nancy Pelosi’s visit to Taiwan… where supply chain management just got a...

How did the Bank of Canada get inflation so wrong? One explanation for the misjudgment – like many central banks – is that they took their eye off of tightly managing the money supply. With inflation now well above the 2% target, last week’s whopping 1% policy rate increase – not seen since the 08/09 Great Financial Crisis – caught most of us off-guard. Tom Keene, with Bloomberg Surveillance is calling it the biggest shock of the week, leading to the opening of the flood gates.&nb...