Thursday, February 02, 2023

Bank of Canada admits Trudeau's climate-alarmist policies are worsening inflation - TheBlaze

Bank of Canada admits Trudeau's climate-alarmist policies are worsening inflation - TheBlaze

Although somewhat buried in its Jan. 26 report entitled "The 2021-22 Surge in Inflation," the Bank of Canada, the country's central bank, admitted that the "ongoing transition from fossil fuels to green energy ... requires an immense reallocation of investments, which raises costs due to higher demand for new investments and lack of investment supply into fossil fuel production."

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