Fiscal Update

[blackpowder]

Most on here won't have their quality of of life seriously affected other than access to med care. We likely wont outlive our assets.
If you think you're giving a legacy to grandchildren, that's a different story.
The times they are a changin
Maybe US investments owned by your own US LLC not a bad idea after all.

[jazz]

Concentrate all your efforts on separation from Canada and joining the US.
It is the only option.

Without a singular group or politician to lead the way, thats a fruitless battle.

To remove Kenny for someone like that will give us Notley for another 4 yrs first.

Converting out of the loon would be one step, moving investments outside of Canada, booking your CGs into a company while you still can.

Some day the whole issue of farm inputs might be moot. You wont want to grow more or take more risk if the govt is standing there to regulate and tax you. Galt moment arrives.

[Old Cowzilla]

Gonna stay here in outback Manitoba grow potatoes,tomatoes and beef. Maybe buy a spare woodstove !!! Rest of the world looks pretty sketchy.

[TOM4CWB]

Gonna stay here in outback Manitoba grow potatoes,tomatoes and beef. Maybe buy a spare woodstove !!! Rest of the world looks pretty sketchy.

Canada advises against non-essential travel... the [O] [C] issue...

We are supposed to join Musk on Mars... is the alternative? That can't end well!!!

Hunker down! Enjoy he trip!

Merry Christmas

Recently was 'Plug and Play' new Farming advancements... now we say; 'Pay to "Play"' the Farming Way !!!

[TOM4CWB]

Canada advises against non-essential travel... the [O] [C] issue...

We are supposed to join Musk on Mars... is the alternative? That can't end well!!!

Hunker down! Enjoy he trip!

Merry Christmas

Recently was 'Plug and Play' new Farming advancements... now we say; 'Pay to "Play"' the Farming Way !!!

WOW... this is a mouth full...

Bank of Canada says likely to cut rates to effective lower bound more often

FILE PHOTO: Bank of Canada building in Ottawa
Julie Gordon and David Ljunggren
Wed, December 15, 2021, 9:47 AM
By Julie Gordon and David Ljunggren

OTTAWA (Reuters) - The Bank of Canada will likely need to lower rates to their effective lower bound (ELB) more often in the future and will therefore have to use alternative stimulus to a greater extent to tackle shocks, Governor Tiff Macklem said on Wednesday.

Macklem, in a virtual speech to a business audience, said the low global interest rate environment meant the bank would have to rely on tools like forward guidance and quantitative easing more often going forward.

"A lower neutral interest rate means we are likely to need to use these policy tools more often in the future. These alternative tools work, but we don’t have as much experience using them," he added.

The Bank of Canada in March 2020 slashed its benchmark rate to 0.25%, a record low and the current ELB, as the coronavirus pandemic took hold. It also launched its first-ever quantitative easing program and said rates would stay low for a prolonged period.

Macklem said forward guidance - essentially committing to holding rates low for longer - could be used under certain circumstances to support employment and return inflation to target, though it has drawbacks.

"An implication of exceptional forward guidance is that inflation will likely go a little above the target after we exit from the ELB before it comes back to the target over the medium term," he said.

Canada's inflation rate was at an 18-year high at 4.7% in November, data showed on Wednesday, its eighth straight month above the central bank's 1-3% control range.

The Bank of Canada, which says it expects the inflation rate to sink back down towards 2% by the end of 2022, has signaled it could start hiking rates as soon as April. Money markets expect a first hike in March or April. [BOCWATCH]

The Canadian dollar steadied at about 1.2915, or 77.43 U.S. cents, to the greenback after the speech, down 0.4% on the day.

(Additional reporting by Fergal Smith in Toronto; Editing by David Gregorio)

Good Grief Charlie Brown.... The CDN$ Devaluation in progress???

[TOM4CWB]

Did you get this...

""An implication of exceptional forward guidance is that inflation will likely go a little above the target after we exit from the ELB before it comes back to the target over the medium term," he said."

[TOM4CWB]

Did you get this...

""An implication of exceptional forward guidance is that inflation will likely go a little above the target after we exit from the ELB before it comes back to the target over the medium term," he said."

So... 2% is not 2% [4 or 6... or more]... and the medium term is 5years... 10? Am I bid 15!

[TOM4CWB]

So... 2% is not 2% [4 or 6... or more]... and the medium term is 5years... 10? Am I bid 15!

WSJ on Federal Reserve Statement Today:

Hawkish Fed Talk, Dovish Action
The central bank signals negative real interest rates throughout 2022.

By The Editorial Board
Dec. 15, 2021 7:01 pm ET

Listen to article
Length 2 minutes
The Federal Reserve has retired the word “transitory” and now admits that inflation is high, but it isn’t in any rush to do much about it. That was the message Wednesday from the Federal Open Market Committee (FOMC) and Chairman Jerome Powell, whose actions said inflation really is transitory, even if it’s now impolitic for them to say so.

As a rhetorical matter, the FOMC statement shifted notably from its long-time wording and chucked its language that it would aim to have inflation run well above its 2% target. Mr. Powell waxed enthusiastic about the “rapidly” improving labor market and the economy—”really strong,” “consumer demand is very strong,” “incomes are very strong.” In that limited sense at least, he was mugged by economic reality."

https://www.wsj.com/articles/more-hawkish-fed-talk-dovish-action-jerome-powell-federal-open-market-committee-11639608239?mod=hp_opin_pos_1