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Gravelle: Market stress relief: the role of the Bank of Canada’s balance sheet

From bankofcanada.ca

Good afternoon. I always enjoy engaging with CFA charterholders, even virtually.1 It’s hard to believe we’ve been dealing with COVID-19 for as long as we have. The past year has had a profound impact on people’s lives, both in terms of their health and their economic and financial well-being. Canadians count on the Bank of Canada to make sure that the financial system works smoothly, especially in tough times when they depend on credit more than usual. So, a year ago, the Bank took unprecedented actions to ensure that the financial system could keep functioning normally and the economy could recover. Those goals are ... (full story)

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  • Category: High Impact Breaking News