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Ronald Maguire

29 April 2022 196 Read Crypto

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Pierre Poilievre Pledges to Ban CBDC in Canada

Conservative party leader Pierre Poilievre has promised to ban CBDCs if he comes to power in Canada. Wanting to fight inflation, Poilievre also wants to restore the central bank independence of the Federal government. He thinks the economic mistakes of the Trudeau government forced the central bank to mint excessively, which in turn led to inflation.

Inflation in Canada 6.7%

Inflation negatively affects Canada as well as the USA. It has the highest inflation in the last 30 years, and this rate is three times the target of the central bank. Money minting, inflation and cryptocurrencies are key elements of the election campaign for Poilievre.

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