The governor of the Bank of Canada has caused consternation by saying the country might move to negative interest rates to encourage spending and investment if the economy stays sluggish and another crisis erupts. It sounds a dreadful idea dreamt up by theoretical economists who don’t look 10 or 20 years ahead when all that spent money isn’t there to keep people afloat in their old age.
The Bank of Canada chart, 11 March 1935, does look discouraging over the next year plus with tr Saturn square the Neptune opposition Sun until late 2016. There’s also a very pressured tr Pluto square the financial Venus from early 2016 till late 2017. And with tr Uranus square the BoC Pluto and opposition BoC Mars from late May till early 2017 insecurity may push them into radical measures.
The Canada chart, 1 July 1867 12am Ottawa, does look as if it is ploughing through heavy seas in 2016/17/18 with a certain amount of hardship and panic. Tr Pluto will continue to square Neptune in 2016 and the Ascendant in 2016/17 which will bring confusion and concern and change Canada’s image in the eyes of the world. Tr Pluto will also continue to trine Pluto through 2016 and sextile Saturn in 2016/17 which usually suggests forced change and deprivation. Tough times.
But Canada is a tough country and there are better economic signs in three years or so.