Market operators and economists have speculated that recent funding pressures mean the central bank might soon put the brakes on QT
The Bank of Canada is continuing its quantitative tightening program and should wrap it up in 2025, deputy governor Toni Gravelle said on Thursday, while conceding the operation could end earlier.
But Gravelle made clear the bank intended to stick to the goal of reducing its settlement balances – liabilities which are put on the balance sheet as reserves – to a previously-announced range of between $20-billion and $60-billion. “The bottom line is the balance sheet normalization process is continuing ... and we have tools to manage any temporary funding pressures that might come up along the way,” he said.
Shrinking settlement balances gives the bank more room for injecting money during times of economic crisis.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Labour market gains 41K jobs in Canada, supports Bank of Canada holding rates for longerStatistics Canada said February's increase in the labour market was driven by a rise in full-time work.
Lire la suite »
Winner of 2025 Canada Games Mascot Challenge AnnouncedThe 2025 Canada Games Host Society has announced the winner of the Mascot Challenge and unveiled the official mascot design. Michael Tobin of Witless Bay was the winning illustration.
Lire la suite »
Mascot design unveiled for 2025 Canada Summer GamesThe 2025 Canada Games Host Society has announced the winner of the Mascot Challenge and unveiled the official mascot design. The Host Society asked students in grades four to six to submit a design that reflects the province’s identity, culture and heritage. Michael Tobin of Witless Bay was the winning illustration.
Lire la suite »
Bank of Canada worries a rate cut now could overheat the spring housing marketBank of Canada Governor Tiff Macklem holds a press conference at the Bank of Canada in Ottawa on Wednesday, March 6, 2024. THE CANADIAN PRESS/Sean Kilpatrick
Lire la suite »
Bank of Canada pause soothes the real estate marketAs tales of bidding contests for houses became common, some downsizers felt more confident that they could sell their family home in a market with high demand, then purchase a condo while prices in that segment remained soft
Lire la suite »
Outlook for Non-res Capital Spending Gradually Brightens into 2025Canada's construction news
Lire la suite »