Bank of Canada scales back bond purchases and raises growth outlook
22 April 2021 - 00:06
The Bank of Canada took the biggest step yet by a major economy to reduce emergency levels of monetary stimulus as it hailed a stronger-than-expected recovery from the pandemic.
Policymakers led by governor Tiff Macklem said on Wednesday they would scale back their purchases of government debt by a quarter to C$3bn ($2.4bn) and accelerate the timetable for a possible interest-rate increase...
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