Let a bank take the risk.

If it's not a bail out then let the private banks assess the company's balance sheet and advance the loan.

Why is the govt bailing out shareholders? Let the company go into receivership and then buy up the assets and reconfigure the company to the needs of the Cdn economy.

Great article and on point. We just need to understand why the federal govt can do it whereas the municipal or provincial cannot. It's because the federal govt is the currency issuer. If we could just get politicians to understand their job is to balance the economy not the books.

Why doesn't the central bank stop paying interest on reserves?

When did speculating in bonds come to be thought of as investing?

Big tech will define this economic era, much as finance has the past 40 years. Canada has jealously guarded its financial sovereignty in the face of constant pressure because its role in safeguarding Canadian independence is well understood. Digital policy must be given the same regard.

Incentivizing companies with tax breaks and deregulation won’t come close to restructuring the Canadian economy. That’s out-of-date thinking. The private sector will follow the market. It shouldn’t be counted on to lead. The federal and provincial governments must get directly into the game.