Earlier this week, to accompany the release of their Monetary Policy Report, the Bank of Canada released a sixty-second clip over social media to explain their assessment of the state of the Canadian economy in plain language. And it was great.
No time to read our Monetary Policy Report? That’s OK. Here’s our latest assessment of the Canadian #economy in 60 seconds. https://t.co/e1ulCf48LW pic.twitter.com/TfDtcc5EfB
— Bank of Canada (@bankofcanada) October 27, 2021
This kind of communication is essential, especially now, for the Bank because of the level of noise and misinformation that is being promulgated, particularly by certain members of Parliament who have made it their mission to politicise the work of the Bank, as they spout facile talking points about the current state of inflation that have zero bearing on the actual causes. And if it’s not Pierre Poilievre, my reply column is full of chuckleheads who think they know better, and inflation truthers (which are the gods damned worst). So yes, this kind of clear, simple-to-digest communication is especially needed by the Bank, much like the Cases in Brief have become an essential form of communication from the Supreme Court of Canada. This is a great initiative from the Bank, and hopefully we’ll see more like it in the future.
On a related note, former Bank of Canada governor David Dodge says that the current governor is on the right track with the economic recovery and where inflation is going, so if you needed an additional vote of confidence that they know what they’re doing, there you have it.
Good reads:
- Justin Trudeau is in the Netherlands to address their parliament before he heads to the G20 meeting in Rome.
- The federal government has to try and find Johnson & Johnson doses for conspiracy theory believers in Alberta and Saskatchewan in the hopes they’ll use them.
- Canadian officials are trying to get President Joe Biden to drop his Buy American tax credits for US-made electric vehicles, as it will massively impact Canada.
- A new report says that the current federal climate plans can meet their targets before the end of the game – which will help our clout at COP26 in Glasgow.
- Critics of the incoming PMPRB regulations to reduce drug prices hope that the new minister will keep delaying implementation.
- New Supreme Court of Canada Justice Mahmud Jamal had his formal swearing-in ceremony yesterday.
- All of the leaders in the Senate have agreed to a vaccine mandate in the Chamber, and await their Internal Economy Committee to extend that to staff and premises.
- Steve MacKinnon has been named the new Chief Government Whip (and there goes my Bardish Chagger theory).
- Some Liberals like Nathaniel Erskine-Smith and Alexandra Mendès are publicly grousing about how long it’s taking to call a caucus meeting.
- Jean Chrétien’s claims he didn’t know what was going on in Residential Schools when he was minister are unravelling by his own correspondence.
- BC Premier John Horgan is going for surgery to remove a growth in his throat (and got well-wishes from Kate Mulgrew!)
- Heather Scoffield worries that vaccination won’t be enough to save our economic woes, and that supply chain issues and desires to re-shore will keep prices high.
Odds and ends:
Kenney was asked how much support he will get from the other Premiers. Says that Moe supports him. You need 7 provinces with 50% of the population.
— Duane Bratt (@DuaneBratt) October 26, 2021
https://twitter.com/MikePMoffatt/status/1453752920219037696
Want more Routine Proceedings? Become a patron and get exclusive new content.
It won’t matter anyway. Those reply guys are hard-wired to believe BS from their pigeon messiah, because they believe that Trudeau “owns” the BoC. Or that it’s corrupted by “Chinese funny money,” or they’re hiding mole children in the basement or whatever.
I was not surprised when that report in the Guardian showed that social media overwhelmingly amplifies conservative “takes,” because like conservatives, social media is morally and intellectually “bankrupt,” and will be the end of us all.