April 28th, 2006
Interest rates went up this week. Again. Apparently the Bank of Canada wants to keep inflation down.
What I can't figure out is why. A few percent inflation is good for all those consumers who are in debt. It reduces the value of their debt. If inflation is higher than the interest rate, you can even start to get into breaking even on an investment that you borrowed for. But I guess like all banks, even the Bank of Canada's real job is to make money, not for us to.
Then there's Harper's latest shenanigans: No flags at half-mast on Parliament Hill when a soldier is killed, though certainly no complaints about doing so for a politician if that were to happen. No media at the soldier's repatriation at CFB Trenton... This is done somewhere else, let me think...
Oh yes, this is it.
And then there's softwood lumber...
What's NAFTA for if the US won't obey a dozen court rulings? Canada should consider NAFTA null due to the US' well-documented non-compliance and force them to the table to renegotiate a treaty they will actually abide by. Not that the US knows what a treaty is...
Posted at 06:18 on April 28, 2006
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