Bank of Canada VS Parliament: 0 Accountability

The Bank of Canada faced Parliament this week, but instead of being held accountable, the Governor walked away unchallenged. #bankofcanada #canadianeconomy #governmentofcanada Links: Report of the Bank of Canada on Monetary Policy: https://www.ourcommons.ca/committees/en/FINA/StudyActivity?studyActivityId=13205917 Standing Senate Committee on Banking, Commerce and the Economy: https://senparlvu.parl.gc.ca/harmony/en/powerbrowser/powerbrowserv2?fk=669836&globalstreamid=3 Comparative advantage and opportunity cost: how economic sharing is caring: https://www.youtube.com/watch?v=ZfRS9X6ivl8&t=9s The benefits of freer trade: https://www.bankofcanada.ca/2018/09/trading-up/ Big banks’ sales targets can pressure mutual fund advisers to skew advice to clients, review finds: https://www.theglobeandmail.com/business/article-regulatory-review-finds-mutual-fund-staff-at-big-banks-face-pressure/ Sales Culture Concerns at Five of Canada’s Bank-Affiliated Dealers: https://www.osc.ca/en/news-events/reports-and-publications/sales-culture-concerns-five-canadas-bank-affiliated-dealers Banking, Commerce and the Economy: https://sencanada.ca/en/committees/banc/44-1 With nearly $80B in red ink, Carney racks up largest ever non-pandemic deficit in federal budget: https://nationalpost.com/news/canada/with-nearly-80b-in-red-ink-carney-racks-up-largest-ever-non-pandemic-deficit Standing Term Liquidity Facility: https://www.bankofcanada.ca/markets/market-operations-liquidity-provision/market-operations-programs-and-facilities/standing-term-liquidity-facility/ Securities Lending Program: https://www.bankofcanada.ca/markets/market-operations-liquidity-provision/market-operations-programs-and-facilities/securities-lending-program/ Overnight repos: https://www.bankofcanada.ca/markets/market-operations-liquidity-provision/market-operations-programs-and-facilities/overnight-repos/?page_moved=1 Federal Funds Effective Rate (DFF): https://fred.stlouisfed.org/series/DFF Fed will buy more Treasury bills, but not at crisis-era levels, Jerome Powell says: https://www.latimes.com/business/story/2019-10-08/jerome-powell-on-quantatative-easing Fed Chair Powell says central bank will buy more Treasury bonds soon, but this is 'not QE’: https://www.washingtonpost.com/business/2019/10/08/fed-chair-powell-says-central-bank-will-buy-more-treasury-bonds-soon-this-is-not-qe/ Balance Sheet: Total Assets (QBPBSTAS): https://fred.stlouisfed.org/series/QBPBSTAS The Wealth of Nations: https://www.amazon.ca/Wealth-Nations-Adam-Smith/dp/1505577128 BOC Governor Says Canada Will Lean On Real Estate Because “We Need The Growth”: https://betterdwelling.com/boc-governor-says-canada-will-lean-on-real-estate-because-we-need-the-growth/ Policy interest rate: https://www.bankofcanada.ca/core-functions/monetary-policy/key-interest-rate/ Mark Mitchell – Mortgage Broker London Ontario 920 Commissioners road east London, Ontario N5Z 3J1 Phone: (519)860-2102 (Call or Text) MarkMitchell@LondonOntarioMortgages.ca Brokerage Lic: 10464 Broker Lic: M16001479 https://www.LondonOntarioMortgages.ca – Apply Online!! Youtube Channel: https://www.youtube.com/c/MarkMitchellMortgageBrokerLondonOntario Subscribe NOW for more Mortgage/Financial News/Videos. Follow me on Social Media: Instagram - https://www.instagram.com/mortgagebrokerlondonontario Facebook - https://www.facebook.com/londonontariomortgages Twitter - https://twitter.com/londonmortgage1/ LinkedIn - https://www.linkedin.com/in/mark-mitchell-london-s-mortgage-broker-197842123/ TikTok - https://www.tiktok.com/@mortgagebrokerlondon?lang=en Commentary on this Channel should not be considered financial advice