Can the federal budget reset Canada's economy? | Crypto Craft

  • Can the federal budget reset Canada's economy?

    From cbc.ca

    By just about every measure, Canada’s economy is stuck in a ditch. Growth has sputtered. The unemployment rate is rising. In normal times, the remedy is clear. The Bank of Canada cuts interest rates and the federal government boosts spending to help businesses and households weather the storm. These are decidedly not normal times. And Bank of Canada governor Tiff Macklem knows it. "The structural damage caused by tariffs is reducing our productive capacity and adding costs. This limits the ability of monetary policy to boost demand while maintaining low inflation," said Macklem last week. Lowering interest ... (full story)

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mcsilver
Nov 3, 2025 7:24am
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The government typically avoids looking at what it did to cause this long term problem and blames the something else (tariffs). Canada has been in a decline under a globalist mentality, not a Canada mentality. "The structural damage caused by tariffs is reducing our productive capacity and adding costs." Canada knew MAGA meant the US was bringing manufacturing and oil production back home and subsequently tariffs would make it possible, yet Canada voted to "elbow up" instead of taking responsibility and find a solution.
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