Now consider another fact: According to Bank of Canada numbers, the money supply (the number of dollars in circulation in Canada) grew by more than 22% between the start of the pandemic and spring this year.
That means more than one in five dollars currently in circulation in Canada didn’t exist pre-pandemic. When you think about it, that’s a staggering amount.
As the Trudeau government kept spending (and spending and spending) on pandemic related “relief” programs, the Bank of Canada kept pumping out more and more new money to cover this orgy of government expenditure.
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