Bank of Canada launches large-scale asset purchases

Stephen Poloz

Bank of Canada governor Stephen Poloz

The Bank of Canada has become the latest central bank to intervene in funding markets, purchasing both government bonds and commercial paper to supply additional liquidity.

On March 27, the central bank launched a commercial paper purchase programme to “alleviate strains in short-term funding markets”.

It said it would also buy government bonds across the yield curve to a minimum of C$5 billion (US$3.5 billion) a week, varying the purchases “as conditions warrant”.

In a press conference

You are currently unable to copy this content. Please contact [email protected] to find out more.

Source link

Free Course

"Double Your Traffic in 30 days" + Secret Bonus

valued at $299

This amazing course will teach you, step by step, how to double if not triple your traffic over the next 30 days.

100% Privacy. We will never spam you!