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Essentials of Monetary Policy

Bank of Canada (BoC). No Change in Monetary Policy

June 9, 2021
Benoit P. Durocher
Principal Economist

As anticipated, the BoC made no changes to its monetary policy. Note that a reduction in weekly purchases on the financial markets, from $4B to $3B, had been announced at the previous meeting. It would have been far too hasty to announce another reduction in purchases in June.