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Questions & Help Mar 14, 2026 at 10:31 AM

Iran war adds new uncertainty to the Bank of Canada's already clouded lens

Posted by Neither_Simple7643

https://halifax.citynews.ca/2026/03/14/iran-war-adds-new-uncertainty-to-the-bank-of-canadas-already-clouded-lens/
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Canuck-overseas Mar 14, 2026 +21
Canada isn't totally run by clownish psychopaths, so I'd trust their advice.
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Little_MasterJI Mar 14, 2026 +22
To be fair, Powell was a real Hodor. He held the line and didn’t cave to the Tangerine-in-Chief.
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rbatra91 Mar 14, 2026 +4
Powell will be looked upon very favourably in history books. 
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maniacreturns Mar 14, 2026 +5
The fact that he needed to do that is troubling in itself.
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Old-Suspect4129 Mar 14, 2026 +2
Wouldn't this comparison make the tRUmp administration the army of the dead.
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ibddevine Mar 14, 2026 +11
I think we will see a lot more of this in different countries.
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Ripraz Mar 14, 2026 -12
Well duh
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ibddevine Mar 14, 2026 +2
You say that like you expect it as well 😉
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Ripraz Mar 14, 2026 -10
Bro, you didn't say anything illuminated, just to let you know, but you probably think this war is just a more visible tiktok trend
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[deleted] Mar 14, 2026
[deleted]
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Ripraz Mar 14, 2026 -3
I don't know if this is a problem unique to northern americans, but my son, this is serious, lazy is saying "i guess things will turn shitty", and hence duh. Be prepared for what's to come thanks to old demented people thanlt cannot accept taking some accountability.
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ibddevine Mar 14, 2026 +7
I wasn't attacking Canada's bank. I was directing my comment on the world economy. Which many countries are not doing well and are teetering on the brink of bankruptcy. This war is going to and is rippling through the the world and is driving the world's energy prices to soar and everything from bread to the heating of your house is going to cost more which in turn demand more from the citizens and banking systems. Iran is not a soft target and has trained for just such a war. Countries better reexamine what they are willing to lose. I find it very telling when the average person on the street doesn't really want or care about the war with Iran. People are dieing and it's just another day for people. Sorry for the rant.
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YouCantSeeMe555 Mar 14, 2026
What's to discuss? 84,000 jobs lost is the most in 4 years and we are likely going to be in recession soon. Lower the rates.
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Plane_Crab_8623 Mar 15, 2026 +2
Lower rates is ludicrous. There is a systemic collapse in leadership worldwide. Only vision will remedy the lack of vision. At least China has begun the transition in earnest to renewable energy. Everyone else is standing flat-footed denying the shock wave is on its way. Lower the rates ha ha a piss against the wind.
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Plane_Crab_8623 Mar 14, 2026 -12
Hey Canada's bank What's cloudy? It is finances responsibility to fund the transition to green and clean energy and sustainable infrastructure. Do the right thing long-term. Always the correct policy. Forgo the lure of short-term profits
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PoliteFocaccia Mar 14, 2026 +6
That's not a lever the Bank of Canada can pull. Monetary policy is powerful but narrow in scope.
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Plane_Crab_8623 Mar 15, 2026 -2
The Lack of imaginations is crippling. Monetary policy better wake up to the fact it and everything else is in an existential crisis A narrow scope is surrender. The rate of negative climate impact is an iceberg heading full speed ahead for the Titanic of worldwide monetary policy. Denial is a policy not a strategy. The natural ecological balance of the earth is the economy. Fossil fuel energy has upended that balance
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PoliteFocaccia Mar 15, 2026 +3
So again that's not within the scope of monetary policy. Environmental policy is the job of Parliament. The Bank of Canada does its job so the rest of the state apparatus can do theirs.
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Plane_Crab_8623 Mar 15, 2026 -1
Both the Parliament and the Bank of Canada are failing to recognize the dots let alone line them up. If there is anything that the Trump administration has proven it is that there are no checks and balances on the banking system. It will war without declaration or the prospect of repayment. The world economic system is financing that behavior and its own destruction while pretending it is just doing its job. Environmental policy is the responsibility of every human being and every human institution. The boundaries are imaginary and nil.
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Lower_Excuse_8693 Mar 14, 2026 +2
What Green energy and infrastructure precisely? I know you’re not suggesting Canada stop using oil to generate electricity so do you just mean force everyone to buy electric vehicles?
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Plane_Crab_8623 Mar 14, 2026 -2
I am suggesting there is run away climate change and global warming. I'm suggesting everyone is part of the problem. I'm suggesting everyone must be willing to sacrifice some of their energy consumption for the greater good. That means reducing the use of petroleum and fossil fuels to zero. I am suggesting a total rethink in addressing the threat of rapid global heating. I am suggesting a nationwide focusing of resources on slowing the warming of the planet is a national security issue of primary importance.
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Lower_Excuse_8693 Mar 14, 2026 +7
You straight up said Canada (actually the Bank of Canada) needs to transition to Green energy and sustainable infrastructure; I’m asking what/how exactly. Without that all you’re saying is “they should do something”.
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Plane_Crab_8623 Mar 14, 2026 -4
Canada like every nation needs clean energy infrastructure. That means huge investments in wind and solar farms. I'm suggesting ending the limitations to importing Chinese electric vehicles and or subsiding Canadian EV auto manufacturing to eliminate the use of fossil fuels for transportation. Once transportation is powered by clean energy the building of sustainable infrastructure can begin in earnest
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Lower_Excuse_8693 Mar 14, 2026 +4
You haven’t answered the question yet; but from reading between the lines when you say “sustainable infrastructure” and talk about solar and wind farms what you mean is electricity generation. Which is utterly ridiculous because Canada gets less than half a percent of its electricity from oil because the vast majority of Canadian electricity is generated from sustainable infrastructure already, the largest being hydro and second largest being nuclear.
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Plane_Crab_8623 Mar 14, 2026
The vast majority of your automobiles and transportation is fueled and powered by polluting fossil fuels. That's the place to focus regenerative strategies.
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Lower_Excuse_8693 Mar 14, 2026 +6
And quite literally my first comment was asking if you were talking about forcing everyone in the country to adopt electric vehicles which you weren’t willing to say and tried to go back to vaguely talking about infrastructure. So really what you’re doing is complaining that the Bank of Canada is talking about the economic outlook instead of spending trillions to force everyone to adopt electric vehicles and (though since that doesn’t work for planes nor trucking across the world’s second largest country it’s only about personal vehicles).
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ProofByVerbosity Mar 14, 2026 +2
Its the BoC dude. Thier job centers around interest rates. Do you call your lawyer to do a filling for you or your plumber qhen your car is acting up.
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Plane_Crab_8623 Mar 15, 2026 +1
You call on everyone when the house is on fire
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ProofByVerbosity Mar 15, 2026 +2
Wtf is the bank going to do? Other than reduce thier own imprint.
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Plane_Crab_8623 Mar 15, 2026 +1
For starters judge every loan, every commitment on its contribution to reducing global warming. Not genuinely green no go.
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ProofByVerbosity Mar 15, 2026 +2
Holy shit do you have no idea what the BoC does or how the world works. Anyway if its so dire and everyone needs to do everything they can than you probably shouldn't be using your phone or computer you are typing on. They have a pretty big carbon contribution.
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DustyJanglesisdead Mar 14, 2026 +2
Hey, can you get everyone else on board then? Like China, India and the U.S.? That would be great thanks. Cause all we’re doing is bankrupting ourselves for literally nothing at this point. F****** morons.
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ibddevine Mar 15, 2026
You can't stop the world from going through its natural cycle. It's the way of things. This world has gone through the melting of glaciers and polar caps before. And it will again. This world is like a living organism it's life blood is the water and it's breath is the winds and it's heart beat is the Earth's magnetic pulse. We are living on it not with it and it is responding in a way any organism would if it was infected with a pest. It's heating up and flushing the invaders out of its system. We were given the pleasure of living on the Earth but we weren't good stewards of the Earth and it's time for a change. We may have sped up the warming process but weren't meant to be here forever. It's what the Earth does. Hang on it's going to be a wild ride.
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Plane_Crab_8623 Mar 15, 2026 +1
None of that dissuades me from planting trees or installing solar panels. It is in the DNA of the universe that contrary to entropy It tends to evolve toward complexity. Humans are an expression of that will. It is true that we are hairless apes delusional in our sense of intelligence but I get the feeling mother Earth is inclined toward us when we are in harmony with her. My sense is that The Fall is a mythical remembrance of the loss of harmony with mother nature. The chaos is what we have created stumbling back toward that harmony.
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