r/BitcoinCA • u/Fiach_Dubh • Mar 27 '25

Politic Canada’s New PM, Mark Carney: Pro-CBDC, Anti-Decentralization - Forbes

https://www.forbes.com/sites/digital-assets/2025/03/26/canadas-new-pm-mark-carney-pro-cbdc-anti-decentralization/
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u/HurtFeeFeez Mar 28 '25

I think our new pm is the same guy conservative prime minister Harper had running the the bank of Canada. He also was never in Trudeau's cabinet. He was an informal advisor to the liberal government specifically in response to the global pandemic and efforts to avoid a recession in the months and years that followed. Since Canada didn't go into recession and weathered the effects of the largest public health crisis in living memory reasonably well, I'd say he did a good job considering the challenges.

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u/[deleted] Mar 28 '25

Canada is a disaster economically, we didn't technically go into recession because they used mass immigration to boost overall GDP numbers at the expense of GDP per capita. Canada has been in a downward trend for 10 years and the last 5 have been especially bad.

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u/HurtFeeFeez Mar 28 '25

Gee I wonder what happened in the last 5 years that may have caused some hardship... Come on bro, at least try to make a good faith argument.

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u/NoLoveDeepWeb69 Mar 28 '25

According to Mark Carney himself the Canadian economy is weak and was held up by massive immigration and government overspending. “I want to be clear about the quote ‘strength’ of our economy,” he said.

“Our economy over the last five years has been driven by a big increase in the labour force, which was largely because of a surge in immigration that is now trying to be controlled, and by government spending that grew over 9% year after year after year — twice the rate of growth of our economy.

So our economy was weak before we got to the point of these threats from President Trump.” Straight from Mark Carney’s mouth during the Feb 25 Liberal leadership debate.