This article analyzes the loss of Canadian sovereignty due to the actions taken by Trudeau in 1974 to halt borrowing from the Bank of Canada. In addition, the article also analyzes the role of the Bank of Canada in fostering prosperity in Canada from 1934 up until 1974. Bank of Canada 1938-1974 Since 1938… Continue Reading »
This article provides a history of the Bank of Canada, and examines in detail three key events that have radically changed Canada’s fiscal position. To begin with, the article presents the historical context of the Bank of Canada and why it was created. The key dates we examine are 1934, 1938, and finally, 1974. It is… Continue Reading »
The Canadian Centre for Policy Alternatives (CCPA) a Canadian think tank, just recently issued a report claiming that there had in fact been, a secret bailout of the big five Canadian banks by the federal government. The report titled “Big Banks Big Secret” estimates that financial support for the Canadian banks reached $114 billion at… Continue Reading »
