Benchmarked lowered by 25 basis points to 2.75%
BoC be like:
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40 sats \ 0 replies \ @Coinsreporter 12 Mar
Great news! It seems like inflation is down everywhere. Even retail inflation is down in India. US also showing some fake data about reduction. But who cares about Trump, tarrifs and US. In fact Trump is just trying to bully everyone. When there's retaliation, he extends his tarrif plans. Yesterday he showed that India tarrif 150% on US Alcohol. What's bad about it? USA can tarrif Indian Alcohol 300%. India won't complain.
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40 sats \ 26 replies \ @Undisciplined 12 Mar
You've got to spend all that fake Canadian money, before you switch to fake American money.
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23 sats \ 25 replies \ @grayruby OP 12 Mar
Good point. It will be pretty worthless once we become the 51st state.
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20 sats \ 24 replies \ @Coinsreporter 12 Mar
So, you agree Canada will become a US state?
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20 sats \ 23 replies \ @grayruby OP 12 Mar
Haha no. I am just going along with the bit because it is funny.
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68 sats \ 22 replies \ @Coinsreporter 12 Mar
But I have to agree that Canada is still part of UK.
It's also funny why Canada uses queen on the notes and share the same central banker.
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23 sats \ 21 replies \ @grayruby OP 12 Mar
Canada is a constitutional monarchy. It recognizes the King of England as head of state but his powers are very limited so I wouldn't say it is part of the UK but yes it has ties to the UK. We have a governor general that represents the King. Theoretically the governor general has a lot of power but practically not so much. They usually just sign off on things and attend ceremonies. There hasn't been a governor general that acted against the wishes of parliament since 1926. Although in 2008 there was a big debate and it almost occurred.
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47 sats \ 17 replies \ @Coinsreporter 12 Mar
You've already said it. What does it mean to be the head of the land? We also have President who is no so functional but he's the head. He's the first person. He generally sign off all things (bills) because things come to him after the government under him comes with a mandate. But we had instances where he never returned the signed bill because he did not want to.
And how is it same in India because India's Constitution borrowed the concept of a federation with a strong center, residuary powers vested in the center, and the appointment of state governors by the center, and the advisory jurisdiction of the Supreme Court, from the Canadian Constitution.
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51 sats \ 16 replies \ @grayruby OP 12 Mar
UK doesn't make laws for Canada. Canadian citizens don't pay taxes to UK. So while the two countries are linked by history, symbolism and a figurehead, we are hardly part of UK. I need a Canadian passport to travel through UK. If we were part of UK why do I need that?
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40 sats \ 2 replies \ @Undisciplined 12 Mar
Part of the British Commonwealth, right?
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48 sats \ 0 replies \ @Coinsreporter 12 Mar
I'm so dam happy and satisfied I'm not living in a colony.
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35 sats \ 0 replies \ @grayruby OP 12 Mar
Yes there are 15 countries in the British Commonwealth and Canada is one.
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40 sats \ 2 replies \ @Cje95 12 Mar
How is the inflation in Canada?!? I mean cutting is the wildest option they could have chosen!
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0 sats \ 1 reply \ @grayruby OP 12 Mar
It had dropped to around 2% but is expected to climb to 2.5% in March.
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0 sats \ 0 replies \ @Cje95 12 Mar
Ahhh so the touched the goal of 2% and then went naw dog this aint for me!
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20 sats \ 0 replies \ @kurszusz 12 Mar
The Fed will follow also. I think there will be a 2-3 month soft landing, then a sudden crash in interest rates. I don't exclude the possibility of a global event.
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0 sats \ 0 replies \ @LibertasBR 12 Mar
It seems that the central bank is not too alarmed by Trump's tariffs, but to me, it looks like a stimulus before the storm.
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