Quote:
Originally Posted by Devils'Advocate
Doesn't the government often interfere with the BoC? If I remember my Canadian history correctly, Mulroney via Crow forced them to keep interest rates *HIGH*, which ultimately lead to a home-grown recession.
BTW - I know most of the NDP platform and policies and never read anything about abolition of the stock market. So I just googled it to see if I could find anything and I did. Slava's post on CP.
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No, no, no. Crow kept rates high to reign in inflation, totally necessary. No political interference. An independent Bank of Canada is of the utmost importance economically. They might express that opinion, but really Jack Layton shouldn't have an opinion on the trajectory of interest rates, it's not his job(even if he's PM).
As for the NDP policies, they have already dropped their 2009 policy book from their Halifax convention. I even e-mailed them to try and get it and got stonewalled. They are wolves in sheeps clothing when it comes to the economy.