# Source note — Canada M2 money-supply X post

Date captured: 2026-08-29
Original X URL: https://x.com/erik_thorvalds/status/2093694789770531084?s=46&t=L5ZjU27c8nh7dz92fjsKbQ
Account: Erik Thorvaldsson / @erik_thorvalds
Public X metadata description captured: Canada’s M2 just hit $2.83 trillion.
That’s nearly 6× what it was in 2000.
They didn’t create six times more oil, six times more lumber, or six times more food.
They created six times more dollars.
Your wages didn’t 6×.
Your grocery bill did.
Your house payment did.
Your kids’

## Preserved files
- `x-post-image.jpg` — chart image from the X post.
- `sources/x-public-page.html` — public HTML/meta capture.
- `sources/x-meta.json` — X meta/title/description/image fields.
- `yt-dlp.stderr.txt` — extractor note: no video found in the tweet.
- `sources/statcan-10100116.csv` and `.zip` — Statistics Canada / Bank of Canada monetary aggregate data table.
- `sources/statcan-bank-assets-monetary-aggregates-summary.json` — computed M2/M2+/M2++ summary.
- `sources/bank-canada-cpi-2000-latest-summary.json` — CPI comparison using Bank of Canada inflation-calculator series.
- Search/source captures for CPI, food prices, housing and wages.

## Data notes
StatCan table 10-10-0116 reports dollars in millions. M2 gross in 2000-01 was 478,778 million dollars; latest available 2026-06 was 2,840,155 million dollars. Ratio: 5.93×.

Bank of Canada inflation-calculator CPI series: Jan. 2000 93.5; latest 2026-07-01 169.9; ratio 1.82×.

## Editorial caution
The post’s core M2 chart checks out closely, but the affordability conclusions need separate CPI, wage, housing and regional B.C. data. This source-check should not be framed as proof that money supply alone caused every price increase.