Bank of Canada to Increase Interest Rates This Month
By Sandford Tuey
On Monday the Bank of Canada’s Deputy Governor Larry Schembri was speaking at a private luncheon at the Albany Club in Toronto. This ‘off the record and closed to the media’ event was focused on increasing Canada’s interest rate. Our central bank has decided to increase rates at their July 12 meeting. Mr. Schembri’s presentation to private investors and members of the Toronto Association for Business and Economics Is a way for these powerful investors to profit on the coming change. Why aren’t average Canadians being told this?
An internal review showed the Bank of Canada is giving some select groups of investors and shareholders privileged information bordering on the line of insider info, This erodes public trust, but because Canadians aren’t following the Parliamentary channel, our politicians scamming citizens out of tax dollars and keeps average Canadians in the dark of the coming financial holocaust.
I predict an interest rate increase July 12, 2017. This is the last trading day before Senior Deputy Governor Carolyn Wilkins, may announce the interest rate hike. There is reumour that our economic recovery is gathering speed, but I just don’t see it, do you? Why is our central bank conducting more private speaking engagements by its members of its governing council then public speaking engages by almost two to one? Is the BoC granting super-rich globalist oligarchs more of an advantage then the rest of Canadians? Allegedly so! Why does your central bank ask that the session be off the record?
The head of the Bank of Canada StephenPoloz, commented on a possible increase in interest rates, which caused economists to predict that the rate will rase from its current 0.5%, something that hasn’t happened since 2010. It is now projected that an interest rate increase this year will be no less than .0.5 % and may be as high as 0.2%. Can you imagine the devastating affect this increase will have on the average Canadian overburdened with debts and a mortgage? . Some analysts are predicting even higher interest rates in October of this year. Are you prepared to pay more? Is this the first sign of the wealth transfer (from the people to the globalists)?
Is Canada’s economic outlook really improving enough to justify forcing Canadians to pay more for the same amount of money they have already borrowed? With the Republican party’s tariff increases starting with Canada’s lumber industry and now dairy industries, which will be applied to many more segments of our economy, shall force more Canadians to become unemployed than anyone expects. Not much conversation about this in the media. This fact alone will cause a major depression throughout our nation, causing everyone to suffer.
With the decision by the LIEberals supported by the CONservatives to increase the number of refugees (300,000/year) being added to our welfare system every year, will start competing for and taking jobs from our unemployed kids. When you add the increase of taxes being forced on Canadians by the LIEberal and CONservative colludion (the Carbon Tax alone will add a nickel to the price of everything and will increase by five cents per year). Have you ever known a government to eliminate a revenue generating tax like this one? I only see it continuing to increase forever, just like the temporary income tax that is more costly to Canadians than ever before. When you add the huge increase of Canada’s debt to over $2 Tillion Cdn. (total debt), and the hardship to come for our children who will have to pay it off, if ever they can, Canadians have only more economic servitude and hardship ahead..
Our world’s Central banks need to be more transparent and careful on how and who learns about the changes they control. One group of rich people should not benefit more than the average person. Maybe I am barking up the wrong tree, but it just feels like Canadians are being milked and taken advantage of by those in power. It doesn’t have to be this way! Does it?