Bank of Canada plans to raise interest rate before moving to reduce bond holdings

Governor Tiff Macklem says the bank is eventually heading for what it calls a reinvestment phase, where it can limit its bond-buying program to only replace maturing bonds with their proceeds.He says when the bank reaches the reinvestment phase, it expects to remain there at least until it raises its policy interest rate.

“The governing council continues to expect the economy to strengthen in the second half of 2021, although the fourth wave of COVID-19 infections and ongoing supply bottlenecks could weigh on the recovery,” said Macklem in prepared remarks to the Federation des chambres de commerce du Quebec.

Source: Loan Digest (loandigest.net)

Let the bankruptcies begin liberal_party JustinTrudeau TrudeauMustGoNow TrudeausVanityElection TrudeauFailedCanada

The Trudeau gang influence in the Bank of Canada. Cheap money is a curse.

You cannot just keep printing money to buy bonds. Inflation will force them to raise rates within 6 months. I remember the 1980’s. Apparently the bankofcanada does not.

The Trudeau team, bankrupting Canada?

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