Wednesday, June 8, 2016

Here the real scoop about the bank of Canada

The people of Canada own this bank, and are entitled to share in its profits.  The government of Canada is supposed to borrow money from the Bank of Canada.  Thus, a federal deficit becomes an investment, not a liability for the people of Canada.

Given the availability of the Bank Of Canada as a source of funds, would someone please explain why Canada borrows from charter banks?

Here's and detailed description of the issues:

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