Quote:
Originally Posted by Krovikan
Overall the COVID response I think is positive, ya the money printing sucks now, but I personally believe we are better off then the alternative. Actually if we didn't print at a rate similar to the US that could have jacked up the value of our currency which would have been devastating to trade with the US.
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Great point. Canada doesn't just follow the US monetary policy because the US is smarter or makes better decisions. We do it largely to stay somewhat lockstep with our largest trading partner to avoid the most trade upset possible.