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Bank of Canada Accelerates Potential Timing of Rate Hikes

From bnnbloomberg.ca

The Bank of Canada ended its bond buying stimulus program, and accelerated the potential timing of future interest rate increases amid worries that supply disruptions are driving up inflation. In a policy statement on Wednesday, policy makers led by Governor Tiff Macklem announced they would stop growing holdings of Canadian government bonds, ending a quantitative easing program that has poured hundreds of billions into the financial system since the start of the Covid-19 pandemic. (Bloomberg) -- They also signaled they could be ready to hike borrowing costs as early as April, as supply constraints limit the ... (full story)

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  • Category: Fundamental Analysis