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>I would not call the BoC unaccountable To whom are they accountable? Poilievre has been campaigning on threats to apply pressure on the BoC, but there's no me
by itsoktocry 3y ago
>I would not call the BoC unaccountable
To whom are they accountable? Poilievre has been campaigning on threats to apply pressure on the BoC, but there's no mechanism to actually do so.
Have the people of Canada been asked what the best balance of inflation and unemployment is? Or has the BoC decided for us, despite how the average Canadian might be harmed in the process?
- belval 3y ago> Have the people of Canada been asked what the best balance of inflation and unemployment is? I know this is a rhetorical question, but yes people of Canada will be voting on that issue in October 2025 (or before) when they elect their government. The BoC is still very much ruled by parliment and their mandate is set by the elected party. The reason their mandate does not change with every whim of public opinion is precisely because people don't like the medecine (high interest rates). Alternatively they also dislike high inflation and labor shortage caused by record-low unemployment.