Bank of Canada likely to cut bond purchases next month
The Bank of Canada is likely to reduce its bond purchases as soon as next month, strategists say, which would provide the clearest signal yet that Canada's economy requires less help to emerge from the coronavirus crisis.
Such a move would put the Bank of Canada at odds with some other major central banks, such as the U.S. Federal Reserve and the European Central Bank, which have said they will maintain or even increase the pace of bond buying. The Fed is due to make an interest rate decision on Wednesday.
Original Article Source Credits: CBC News , https://www.cbc.ca/
Article Written By: Thomson Reuters
Original Article Posted on: Mar 16, 2021
Link to Original Article: https://www.cbc.ca/news/business/bank-of-canada-likely-cutting-bond-purchase-1.5951580
