Breaking News !

Councilor Larry McNabb has taken steps to make the Bank of Canada redundant.In his report to Mayor & Council for their special meeting of May 17,2010  he is able to tell the bank that the current rate of inflation is 2.2% , and furthur that inflation “is expected to increase to 2.5% in the near future.” Despite  reports  by Statistics Canada that inflation in March was 1.4%, and the country’s leading economists anticipate a rise to 1.7% in April, the Councilor is able to refute these figures.What is also an amazing accomplishment is his expectation that inflation will soon increase to 2.5%, when no one else in the country will have this information until it is published on May 21. Do we have a potential Nobel prize winner in economics on our doorstep?

Wayne Schulstad