The Bank of Canada (BoC) announced on Wednesday that it left its key rate unchanged at 0.25% following the October policy meeting as expected. More importantly, the BoC decided to end its weekly purchases of the government of Canada bonds, the quantitative easing program. The policy statement revealed that the BoC will continue to buy only enough bonds to replace those that are maturing.
Tags Canada
Check Also
As Inflation Cools, US Stocks Surge
The US stock market experienced a significant rally on Friday, fueled by a cooler-than-expected inflation …