Somebody should tell the BoC to stop worrying about the economic impact of COVID19. After all, when Teck walked away from Frontier and 7,000 jobs and tens of billions in gov revenue Canadians shrugged it off. We’re so rich we can add $25 billion to federal debt in good times.

“Don’t panic” is the prudent advice when investment markets drop dramatically but somehow when it comes to issues like climate change we’re surrounded by people telling us to do the opposite  – after all, it’s an “emergency.”

Not too many people know why when economies stall and markets drop, our only option is to hope central bankers drop interest rates despite the probability that it won’t do much good.

Not politicians – but ordinary citizens who get that the rail blockades and Teck’s cancellation of the Frontier Mine are terrible for Canada’s reputation as a good place to invest in jobs and the economy.

The first was the massive jump in overnight lending rates in September but is anyone paying attention? I doubt it. For months on MoneyTalks we warned that a massive change was coming in late January – now we’ll focus on what’s next. Hint: it’s much more serious.