Economists applaud BoC’s decision to pare back QE, with economic recovery en route

The central bank announced it will be lowering its bond purchases from $4-billion to $3-billion a week, signalling a drawdown from the government’s first foray into quantitative easing that began in 2020.

Bank of Canada Governor Tiff Macklem, pictured May 1, 2020, announced that the central bank would be tapering back on quantitative easing, something top economists have welcomed as Canada's economy is set to rebound from the COVID-19 financial crisis. The Hill Times photograph by Andrew Meade

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BY MIKE LAPOINTE

May 3, 2021

Canada’s economic recovery from the COVID-19 recession is exceeding expectations so far, according to some of Canada’s top economists, who say that the Bank of Canada’s recent decision to taper its first-ever foray into quantitative easing is a necessary step in the right direction. More work...

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