Monthly Archives: July 2018

Energy price rises due to tax increases, tariffs and price distorting power of oil cartel not a measure of true inflation

Posted on July 22, 2018 by haroldchorneyeconomist

A number of Canadian analysts have responded to the news that Canadian “inflation” has risen to 2.5 % a level above the Bank of Canada’s target rate of 2 % as a justification for arguing that the central bank ought … Continue reading →

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Bank of Canada Raises interest rates again : No sign of inflation and danger of trade war slowing growth Underestimated in its Decision

Posted on July 11, 2018 by haroldchorneyeconomist

Once again the central bank operating as it does with a Friedman based Nairu perspective with respect to inflation has mistakenly raised the overnight lending rate. This is an inappropriate response to the emerging trade war and likely recession promoting … Continue reading →

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