Never Go Full-Trichet

“The reality is that no country can afford to have the most aggressively tight monetary policy. Whoever is foolish enough to attempt to return their monetary policy to normalcy, finds themselves at the end of a strong currency, and importing all the world’s deflation.”

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Fireworks.

“…or what counts as ‘fireworks.'”

Loonie Falls As BoC On Hold, Says ‘Cautious’ On More Hikes

BANK OF CANADA WILL BE ‘CAUTIOUS’ WITH FUTURE RATE INCREASES