Reported 8 months ago
The Bank of Canada is conducting a formal review of its pandemic-related policies, including the extensive bond-buying program, as Governor Tiff Macklem faces mounting criticism from political opponents like Conservative Party Leader Pierre Poilievre. The review will assess the impact of quantitative easing on inflation and economic recovery, aiming to provide clarity before political transitions, potential mandate reviews, and the end of Macklem's term in 2027. The central bank's actions during the pandemic, involving substantial asset purchases, are being scrutinized in the context of contributing to government debt management and economic support measures. The upcoming review is expected to influence the bank's relationship with Conservative factions and potentially restore its reputation by recognizing the success of emergency measures amidst inflation challenges.
Source: YAHOO