Bank of Canada Rate | Page 11 | General financial discussion | Discussion forum

Private sector, business leaders, their job is profits, not the welfare of the nation (except to the extent they see it's in their profit-motive interest). If I'm an owner of shares I expect the business to do whatever it legally can to maximize my stake's value even if that means selling everything to the nearest, biggest market. That's the private sector's job.

And that's one reason we have governments. To, IF NEEDED, offset the private sector's self-directed goals with government policy that benefits the collective. Governments over the decades should have made sure, especially because of our unique geographical situation in the world, that our economy has a lot of customers, suppliers, etc, via laws, regulations, rules, tax policy, trade agreements, quotas, whatever tools it has, to make sure our eggs weren't all in one basket. Just in case.

I mean, just to give one example, we have a country with immense resources and we've got more than half the population buying some of that from foreign sources due to a lack of pipelines - what real country does that, for decades on end?

0% chance of a BoC rate change at next meeting at this point. There has not been enough movement in the market since Mar 12 to allow for one.

0% chance!