[Tiff Macklem the governor of the Bank of Canada is pushing the country to finally grow up by introducing it to the world and the real possibilities so evident in new triple down economics that only our perceived limitations might deny us.] Unfortunately, the Bank of Canada's policies and regulations put in place by the governor and the deputy-governor at all levels create real limits that constrain the middle class, higher taxes, inflation, and the cost of living, real burdens that discourage investment in Canada. Mr. Macklem has agreed to lower interest rates down to 2.2% and the regulations at the central banks level, (interest rates, economic growth, etc). His approach to deal with some of the country's economic problems was to raise interest rates to 3.7% creating problems for the Canadian people, yet another Liberal bureaucracy, picking winners that might escape the regulatory approvals while the losers struggle.
At the government level, the Prime Minister and the Finance Minister wanted to address the economic crisis protracted, expensive permitting, and approvals. But Tiff Macklem has not set a very good example for supporting the lowering of the interest rates-he one new bureaucracy after another, and has increased borrowing by the people. The limits imposed on Canadians by the Bank of Canada are real, not merely perceived, and Mr. Macklem is not helping.
Sincerely,
Alex Murrell
