Bank of Canada Holds Overnight Rate at 0.25% and Recalibrates Bond-Buying Program

October 28, 2020

Bank of Canada Recalibrates Quantitative Easing As expected, the Bank held its target overnight rate at the effective lower bound of 25 basis points with the clear notion that negative policy rates are not in the cards. Instead, the central bank will continue to rely on large-scale asset purchases–quantitative easing (QE). The central bank is recalibrating its QE program as promised in recent weeks. […]

Stronger-Than-Expected Canadian Jobs Report in September

October 9, 2020

Canada Has Recouped Three-Quarters Of Pandemic Job Losses The September Labour Force Survey, released this morning by Statistics Canada, reflects labour market conditions during the week of September 13 to 19, six months after the onset of the COVID-19 economic shutdown. As Canadian families adapted to new back-to-school routines at the beginning of September, public health restrictions had been substantially eased across […]
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