Our national bank the "Bank of Canada" is public (maybe not, its what they claim) our government is supposed to loan money from this bank and pay it back at 0% interest, that's right 0%. Instead through a bill of legislation called the Bank Act, and its various additions throughout the years have now allowed our private banks to control a monopoly over our money; they can loan out created money at compounded interest, with absolutely 0 reserves (so fractional reserve banking in short). So we citizens and our government now borrows from these private banks at high interest.
IF theirs any Canadians reading this can someone explain who sets our interest rates? is it the private banks or is it our national bank
Also a side note, a German company prints our bills of credit. The same company that printed Zimbabwe bills during their hyperinflation