Regardless of where one looks in the world, financial turmoil is brewing everywhere around us. Canada is no exception to this statement, unfortunately, even though the new Liberal government is planning to invest in people and the economy over the next few years. That being said, this economic stimulus will come at a great cost, and could end up hurting the Canadian economy even more. All of this is indirectly working for Bitcoin and other forms of alternative finance.
Also read: Bitcoin Uncertainty in Venezuela is Beneficial to SurBitcoin Boosting Canada Economy Comes at a Risk
Nearly every economy around the world is facing a problem right now, and government officials are trying to figure out various ways to focus on this issue. The old tried and tested tactic seems to be the most logical way to address these concerns, although injecting a lot of money at infrastructure spending is quite a significant concern.
People have to understand that the money required for an economic stimulus has to come from somewhere. In Canada, that means there will be a government deficit three times what was originally predicted during the election last year. As this deficit grows larger and larger, it becomes much harder for Canada to return to a balanced budget.
While the numbers on their own might not mean much to some people, there is the topic of how the Liberal government broke just about every promise they made to the citizens before the election. Although it is nothing new to see lies and broken promises in the world of politics, people have the right to be upset and make their voice be heard about as well.
To make matters even worse, the Liberal government will be taking virtual control of the Bank of Canada i nfrastructure, as a […]
