Tag Archives: Bank of Canada

Finances

Seven ways to tackle inflation without raising interest rates

Originally published on Corporate Knights

Editor’s note: Guy Dauncey’s Big Solutions: Raising interest rates is a cruel cudgel that hurts the most vulnerable. There are other responses that governments and central banks should consider.

By Guy Dauncey

There are many causes of inflation, but there’s only one solution central banks seem willing to consider: increase interest rates. This has many people scratching their heads: Why would this bring down the price of rent, food or gas? Won’t it increase costs for anyone who pays interest on a variable-rate mortgage or consumer loan? And won’t it make essential green investments more difficult?

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Weather

Supply chain crunch a ‘nightmare’ for local businesses

By Chelsea Kemp, Brandon Sun, Local Journalism Initiative Reporter

Already scrambling to adjust to current supply chain woes prompted by the COVID-19 pandemic, local businesses are now concerned with the  potential effects record-breaking rainfall and flooding in B.C. —  which have closed highways and cut off rail access to Canada’s biggest  port — will have here at home.

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Energy, Environment

Joe Biden’s comments about the oil industry

Carl Meyer, Canada’s National Observer, Local Journalism Initiative Reporter

U.S. presidential nominee Joe Biden’s comments about the oil industry on Thursday show that he understands the unparalleled global financial realignment happening due to climate change, the president of the Alberta Federation of Labour says.

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