Bank of Canada may be set for billions of losses
A new report published by a Canadian think-tank projects the Bank of Canada could post billions in losses over the next three years. The report follows the central bank’s announcement of its first-ever loss in 2022.
The Toronto-based CD Howe Institute published the report, Reversal of Fortunes: Rising Interest Rates and Losses at the Bank of Canada, on January 12.
The central bank’s balance sheet problems are a byproduct of the pandemic. The Bank of Canada adopted quantitative easing in late
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