So a headline in the Financial Post discussing a Scotiabank forecast of eight Bank of Canada rate increases over the next two years has gotten a lot of attention. Is it even possible? With some simple math and crunching some basic numbers it seems almost 100% impossible to us, with one exception...we explain in this new Rock Star Minutes video.
Check out these links referenced in this Minutes:
World Economic Database - https://bit.ly/3BNDbFH
Annual Financial Report of the Government of Canada Fiscal Year 2019-2020 - https://bit.ly/3ENOqQb
Federal and Provincial Debt-Interest Costs for Canadians - https://bit.ly/2ZYx6tc
A Recovery Plan for Jobs, Growth, and Resilience - https://bit.ly/3EP451X
Enjoy the video!