Bank of Canada ends QE

Inflation proving “stronger and more persistent than expected”

Bank of Canada, Ottawa
Bank of Canada, Ottawa
Photo: Matthew Liteplo Photography

The Bank of Canada has called a halt to its quantitative easing programme, as the country’s economic recovery continues to be matched by surging inflation.

The central bank said today (October 27) it is moving into a “reinvestment phase”, in which it will maintain its stock of government bonds at the current level of around C$430 billion (US$350 billion). It had gradually tapered its asset purchases in recent months.

The BoC said “robust” growth resumed in the Canadian economy after a “pause”

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