Last Week Today Episode 167 Show Notes for Monday, September 23rd, 2024

Bank of Canada Says No to Digital Currency for Now, Trudeau & Macron Get Together, Recent Censorship, Israel and Lebanon & The Kilner Screen.

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Bank of Canada Says No to Digital Currency for Now

As outlined in the September 20th, 2024 Cointelgraph post, “Bank of Canada says no to retail CBDC in reshuffling of priorities,” Canada’s central bank has decided, for now at least, to wind down its work researching central bank digital currencies (CBDC’s).

But the Bank of Canada sure does seem to want to eventually implement CBDC’s or “digital loony’s” and will likely continue to explore the possibility of replacing Canada’s current fiat currency, with CBDC’s.

As outlined in pieces like the July 15th, 2024 the Logic post, “Digital Loonie ‘likely’ necessary to maintain monetary sovereignty as cash declines, Bank of Canada report argues,” the Bank of Canada’s continued viability as an independent central bank depends on the continued viability and independence of the Canadian dollar.