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Essentials of Monetary Policy

Bank of Canada (BoC). Monetary Authorities to Dial Back QE Purchases

April 21, 2021
François Dupuis • Mathieu D’Anjou • Benoit P. Durocher • Hendrix Vachon

As expected, the BoC’s press release and its Monetary Policy Report are decidedly more upbeat. The economy is showing tremendous resilience, several economic sectors are continuing to recover and the vaccination campaign is progressing faster than anticipated. As a result, the BoC’s latest scenario is now similar to our own estimates.