Looks like Mark Carney is getting the respect he deserves. After all, he only got the job by being an instrument for larger forces.....why would they kow tow to him now?
Looks like the Big Banks are now setting Canada’s monetary policy. Just imagine if these 600 pound gorillas were allowed to merge?
Big banks consider defying rate cut
Would risk destabilizing country's monetary policy
HEATHER SCOFFIELD AND TARA PERKINS
From Wednesday's Globe and Mail
January 16, 2008 at 2:50 AM EST
Some of Canada's big banks are contemplating holding their prime rates steady in the face of a rate cut by the Bank of Canada, a move that could destabilize the country's monetary policy.........
Wednesday, January 16, 2008
Posted by Fillibluster at 10:44 AM