The disease is the notion that an ephemeral boom in one sector causes permanent losses in others, in a dynamic that is net harmful for the Canadian economy. While the tidiness of the argument is appealing and making commodities the scapegoat is tempting, the diagnosis is overly simplistic and, in the end, wrong.
This operation will surely contribute to backing the restoration and rebuilding. The Bank introduced “Quantitative and Qualitative Monetary Easing (QQE) with a Negative Interest Rate” at the January 2016 MPM.