Macklem tells MPs bond buying program aims to cut rates, not fund federal government – Toronto Star

Macklem tells MPs bond buying program aims to cut rates, not fund federal government – Toronto Star

OTTAWA – Canada’s main central banker gave MPs a detailed defense of the Bank of Canada’s public debt buying frenzy on Thursday, saying it was aimed at lowering borrowing costs across the country. The Bank of Canada has launched an unprecedented bond buying program that is effectively reducing borrowing costs for the federal government as […]

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