Bank Of Canada Loses Money For First Time In History

The Canadian central bank lost $522 million in Q3 of this year. For the first time in history, the Bank of Canada lost money. It's a stunning 'achievement,' given the fact that the Bank of Canada can literally create money out of thin air. Yet, a massive increase in 'money printing,' combined with rapidly rising...

This content is for Premium Subscribers.

Sign up

or Sign In if you are already a Premium Subscriber: