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While the current episode of inflation has created challenges for many, this is not the first time Canada has gone through such an experience. THE CANADIAN PRESS/Sean Kilpatrick

Here’s what we can learn from Canada’s response to inflation in the 1980s and 1990s

The real question in the minds of many economists is what the trend in inflation will be going forward, and when interest rates will begin to fall and bring relief to Canadians.
Bank of Canada Governor Tiff Macklem is seen during a news conference following an interest rate announcement in October 2023 in Ottawa. THE CANADIAN PRESS/Adrian Wyld

Canadians have serious trust issues when it comes to a central bank digital currency

Recent Bank of Canada findings that showed Canadians have misgivings about a central bank digital currency should serve as a wake-up call that policymakers must do more to bridge the trust deficit.
Bank of Canada governor Tiff Macklem holds a news conference at the Bank of Canada in July 2023. THE CANADIAN PRESS/Sean Kilpatrick

Interest rates: Monetary policy is always political as central banks opt to back the financial sector

Why is monetary policy outside the realm of politics? What are the social ramifications of our current monetary policy system? What alternatives exist?
The Bank of Canada announced a 0.5 per cent interest rate increase on April 13, 2022, in a move to quell Canada’s high inflation. THE CANADIAN PRESS/Sean Kilpatrick

Why we can’t just ‘stop printing money’ to get inflation down

While central banks did help mitigate a COVID-induced recession, they don’t have the power to solve our inflation problem.
A woman walks past the Bank of Canada building in Ottawa in September 2017. THE CANADIAN PRESS/Adrian Wyld

The Bank of Canada must seize the pandemic moment and do more for Canadians

Unconventional policies can be used to alleviate — instead of exacerbate — inequality, something Canadians are clamouring for. The Bank of Canada needs to rediscover its former innovation zeal.
Canada’s federal deficit has skyrocketed since the beginning of the coronavirus pandemic. How will Ottawa pay back the money its borrowed? THE CANADIAN PRESS/Sean Kilpatrick

Paying for the pandemic: Why the government’s massive coronavirus spending may not lead to higher taxes

Canada’s federal deficit has ballooned as Ottawa spends billions in response to the coronavirus pandemic. An economist explains why the massive spending will not harm Canadians in the future.
The Bank of Canada’s digital currency would let the federal government monitor spending. (Shutterstock)

A national digital currency has serious privacy implications

The Bank of Canada is proposing a federally managed digital currency that flies in the face of the decentralized approach to money that cryptocurrencies have established.

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