Bank of Canada launches large-scale asset purchases

Measures target market function more than monetary easing, says governor Stephen Poloz

Stephen Poloz
Bank of Canada governor Stephen Poloz
Photo: Matthew Liteplo Photography

The Bank of Canada has become the latest central bank to intervene in funding markets, purchasing both government bonds and commercial paper to supply additional liquidity.

On March 27, the central bank launched a commercial paper purchase programme to “alleviate strains in short-term funding markets”.

It said it would also buy government bonds across the yield curve to a minimum of C$5 billion (US$3.5 billion) a week, varying the purchases “as conditions warrant”.

In a press conference

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.