Is Canada’s CBDC Dead? Poilievre’s Bold ‘No’ Leaves Bank in a Bind!

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In a modest town where time ambled along like a lazy stream, a video from Sunday captured a scene almost as theatrical as one of Chekhov’s forgotten sketches. There, amid the low murmurs of a concerned public, stood Pierre Poilievre-a man of 46 years whose political savoir-faire seemed untouched by time. A local farmer, his weathered face a testament to years of honest toil, approached with a furrowed brow and uttered the question that weighed on many hearts: “Do you support CBDCs?”

With a wry smile hinting at a lifetime of political skirmishes, Poilievre replied in a tone as crisp as a winter morning, “Absolutely not.” The crowd erupted in applause, as if the very rejection of a cashless future was a dramatic epiphany-a defiant nod to tradition in an age of digital promises.

In a twist as unexpected as a Chekhovian plot, Poilievre’s dreams of ascending to Prime Minister were thwarted by none other than Mark Carney, the Liberal Party’s choice. Carney, whose storied past as governor of both the Bank of Canada and the Bank of England lent him an air of inevitability, had once dismissed bitcoin’s charms yet now seemed oddly intrigued by CBDCs-a curious subplot in the grand narrative.

Meanwhile, the Bank of Canada, as if caught in a moment of existential doubt, had quietly retreated from its earlier ambitions of a retail CBDC. According to its
website, the institution was now shifting its focus toward the broader realm of payments system research and policy development-a decision that, in the grand theatre of Canadian politics, seemed almost anticlimactic.

Thus, in a world where the old guard clung to its convictions like a stoic oak in a field of ceaseless winds, one couldn’t help but smirk at the absurdity of it all. As if Chekhov himself were watching from the wings, one might think, “Ah, the folly of man!” 🙂

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2025-08-07 10:58