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Canada’s new recession and the push for alternatives

July 31, 2015 Michal Rozworski 2 comments

The Bank of Canada cut its benchmark interest rate two weeks ago to nearly record lows, now just 0.5%. In the face of an oil shock and other weakness, monetary policy is expected to do the heavy lifting of beating an economic funk. Today’s move reflects a poverty of economic policy from the ruling Conservatives and much of the political class. […]

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