It's a good move. Canada isn't even close to hitting it's climate goals. The only way to actually hit 1.5C climate goals would be to tax carbon extremely heavily, resulting in a massive drop in quality of life. However if we and other countries don't pay that "tax", then we will pay massive interest over the next couple generations. It's a lose lose situation.
m9p909
joined 2 years ago
Oh, I read the article, interest rates are falling and briefly became negative which spiked inflation. And now interest rates have to suddenly rise to tame inflation.
I don't understand what this means? ELI5 or is there somewhere I can read up on what real yields mean?
The canadian conservative party is largely neoliberal. Neoliberalism is generally in favor of lower regulations, lower taxes and more private sector presence.