Why doesn’t the Bank of Canada behave in the public interest?

I came across a news item a couple of weeks ago about a lawsuit that is working its way up the court system that really piqued my interest. The Committee for Economic and Monetary Reform is suing the Government and Bank of Canada over the Bank’s abandonment of its traditional role (as still spelled out in its charter) to provide low-interest loans to Canadian governments for infrastructure and human resource development.

I recommend you have a look at the following article to learn more:

Liberate the Bank of Canada

I also commented on this lawsuit in my own article, published this past Saturday in the Pembroke Daily Observer, which you can see here:



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