Comments on: Quantitative Sleaze: How The Bank of Canada Mislead Politicians On Real Estate & QE

By: Omar

Omar — Tue, 15 Mar 2022 17:26:12 +0000

In reply to Robert.

Tiff also worked at the BOC for over a decade and previously served as Harper’s deputy Governor at the Bank of Canada.

It’s not an issue that he doesn’t know better. He’s intentionally acting worse.

By: Aubrey J. Tennant

Aubrey J. Tennant — Tue, 15 Mar 2022 16:12:45 +0000

Just look at how federal banks are operated in other countries. We have a unique BoC that is in bed with our chartered banks. The Federal Reserve in the US is not in control of the whole banking system nationally. Banks are state regulated locally to serve their communities needs. Huge difference!

By: Aubrey J. Tennant

Aubrey J. Tennant — Tue, 15 Mar 2022 16:09:43 +0000

They could have included the fact that all realestate investment loans are tax credit eligible that includes rental properties. Just like all corporate borrowing and debt. It’s true!

By: Castreau the Illigitimate

Castreau the Illigitimate — Sat, 12 Mar 2022 13:15:31 +0000

well said Agent Bob

By: Jim Straughan

Jim Straughan — Fri, 11 Mar 2022 23:32:54 +0000

In reply to Patiently Waiting.

We get rid of them by getting involved
Politically!
WEF ? You will own nothing and be happy

“Once you eliminate the impossible, whatever remains, no matter how improbable, must be the truth.” – Sherlock Homes”

By: Robert

Robert — Fri, 11 Mar 2022 19:14:35 +0000

In reply to Kevin Logan. Tiff is parroting Trudeau and the liberals policy. Tiff came from a privileged mount Royale upbring, u of t school marm position: not a solid background for bk of Canada policy. However, polos was and is equally bad and unqualified. Neither were independent of the PMO. What a mess they are in.

By: Amjad Shaikh

Amjad Shaikh — Fri, 11 Mar 2022 05:37:44 +0000

In reply to Agent bob. The CRA and the govt must check the money flowing into housing market coming from non residents and investors. Wondering why CRA doesn't ask the source of income from those purchasing 2nd, 3rd and 4th investment properties. The first time home buyers also need protection from bidding investors.

By: Amjad Shaikh

Amjad Shaikh — Fri, 11 Mar 2022 05:31:12 +0000

Wondering how the senior level economists at the BoC failed to understand the basics of monetary policy viz. By creating unnecessary liquidity they caused inflation and asset price hikes.
Our budget has been squeezed without commensurate increase in salaries. Taxes rates are also the same; effectively, through irresponsible policy tools, the money has been transferred from poor to the rich class.

BoC must be called at the parliament to explain the damages it caused to the economy by way of creating inflation, assets price bubble and income & wealth inequalities.

By: Sam

Sam — Thu, 10 Mar 2022 21:01:44 +0000

Tiff, Stephen and Carney are morons. The current liberals are economy morons.
Tired or reading articles about bank profits reaching record levels followed by articles about household debt reaching record levels. No amount of economic-theory gymnastics can mask the obvious.

By: Agent bob

Agent bob — Thu, 10 Mar 2022 20:20:51 +0000

I think most media, people in CREA, people in charge of CREA, the BOC and some agents do not want to talk about the disastrous effects of government inaction on many aspects of this market like quantitative easing, money laundering, non residents, investors and vacant homes.
A lot of serious action needs to be taken on all fronts; not just supply.
A lot of theses people have quite a bit of skin in the game.
It’s a disaster for most Canadians.