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DAVY Udal's avatar

https://en.wikipedia.org/wiki/Bank_of_Canada

The bank was chartered by and under the Bank of Canada Act[14] on 3 July 1934, as a privately owned corporation, a move taken in order to ensure the bank would be free from partisan political influence. The bank's purpose was set out in the preamble to the act: "to regulate credit and currency in the best interests of the economic life of the nation, to control and protect the external value of the national monetary unit and to mitigate by its influence fluctuations in the general level of production, trade, prices and employment, so far as may be possible within the scope of monetary action, and generally to promote the economic and financial welfare of the Dominion".[15] With the exception of the word "Canada" replacing "the Dominion", the wording today is identical to the 1934 legislation.[16] On 11 March 1935, the Bank of Canada began operations, following the granting of royal assent to the Bank of Canada Act.

Daddy Trudeau changed the objective of the Bank of Canada and allowed private banks owned by foreigners to loan money at interest to governments while the mandate of the Bank of Canada was to loan money to all levels of government in Canada at ZERO or LOW interest.

Canada had very little debt before Pierre Trudeau and is now saddled with many thousands of dollars per person.

Justin spent more money than his father. The horse turd did not fall far from the horse's ass.

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Connie Hewton's avatar

David Krayden says it actually doesn’t get rid of private member’s bills. The “vegan” bill and the bill that makes promoting oil and gas illegal STAYS. We do get rid of the online harms act. We need an election now!!

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