By Bruce Baker ( June 8, 2023, 12:55 PM EDT) -- The Bank of Canada has once again raised its prime lending rate to 4.75 per cent targeting once again in the bank’s mind a red-hot economy and inflation. This is a risky and possibly perilous move on the bank’s behalf. The simple reason for this is the actual numbers do not herald what any Canadian could possibly see as a red-hot economy. In fact, they speak volumes of an eventual economic collapse long in the making by short-sighted legislation, incredible debt and the bank’s inefficient ways at looking at economic indicators....