The Bank of Canada needs a jobs mandate
If the Bank of Canada could be straightforward in explaining that bond purchases help to stabilize the economy and save jobs, most Canadians would support this legitimate and nonpartisan objective.
The Bank of Canada was recently cast into the political fray by Conservative finance critic Pierre Poilievre calling it “an ATM for [Prime Minister Justin] Trudeau’s insatiable spending appetites.” In fact, the central bank is right to buy up government bonds to stabilize our economy and save ...
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