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Faster QE Is On the Menu at Bank of Canada: Decision Day Guide
Bank of Canada Governor Tiff Macklem gets a chance on Wednesday to say how much of the government’s record spending he intends to finance. Macklem, in his first policy decision since taking over as governor June 3, will need to recommit to large-scale asset purchases in order to keep up with an unexpectedly large jump in government spending. The bank releases its rate setting and Monetary Policy Report at 10 a.m. in Ottawa, with a press conference to follow at 11:15 a.m. Prime Minister Justin Trudeau unveiled plans last week to run up historic deficits to pay for Covid-19 related measures, and officials now expect ... (full story)