Bank Of Canada Likely to raise raise rate Two more times this year | Page 2 | General financial discussion | Discussion forum

Terence Corcoran, supporting @ Kidd's thoughts above, in the Financial Post

Terence Corcoran: The Bank of Canada should stick to its knitting and stay out of budgets

Governments across Canada have reason to think they have an official green light to spend big and run up deficits. The man operating the traffic signal: Bank of Canada Governor Stephen Poloz. From Ottawa’s deficits to Ontario’s childcare plan to big pension spending on infrastructure, politicians can now turn to Poloz as an independent authority for approval.

By flashing that green light, however, Poloz has inappropriately set the Bank of Canada into a new role as ideological think tank, a role that is way beyond the bank’s official mandate — monetary policy — and well outside its traditional informal role as a guide to the state of the economy.

http://business.financialpost......of-budgets

Peter, I have absolutely NO idea why you would remove my comment. It was in reply to the government propaganda link, posted above.