Macklem tells MPs bond buying program is about cutting rates, not funding federal government – Powell River Peak

Macklem tells MPs bond buying program is about cutting rates, not funding federal government – Powell River Peak

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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