Canadian governor says central bank can buy corporate bonds outright


Bank of Canada governor Stephen Poloz issued a statement making it plain that the bank has the authority to purchase corporate bonds outright.

His words prompted speculation from observers that the Canadian central bank may be considering the use of quantitative easing (QE), which it has never previously implemented. 

Last week, Poloz published a statement that made small adjustments to the wording of the Central Bank Act. The changes aimed to more explicitly communicate the central bank’s

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