The Bank of Canada on Wednesday said it was ready to step in with support if the banking system came under severe strain, but would only offer extraordinary liquidity in extreme cases while at the same time seeking to mitigate moral hazard.
Gravelle pointed to the 2008-2009 financial crisis and the outset of the COVID-19 pandemic as examples of where the bank had intervened in the past. But there were also lessons taken that would be addressed in the future, he said. For now, the banking stress in the United States appears under control. Top U.S. banking regulators on Monday said they planned to tell Congress that the overall financial system remained on a solid footing despite recent bank failures.
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Cut rates
Did we always artificially interfere with regular economic cycles or is this a more recent thing? Genuine question.
As the run on banks starts ….. Trudeau will take off to Costa Rico
Amateurs in action
Liberals love the drama of extreme markets. More chance to tax people.
Turn on the printing press! These clowns are unbelievable. They are the source of the problem, and the solution to the problem they have created is to do the exact same thing that created the problem.
Take warning. ⚠️
Keep cranking that interest rate up. Rates need to rise up and above the current inflation rate.
Are they going to take out Trudeau and Freeland ?