Mortgage Rates & Mortgage Broker News in Canada |
| BoC’s Macklem Lays Out Plan to Wind Down Bond-Buying Posted: 10 Sep 2021 12:24 PM PDT Since the start of the pandemic, the Bank of Canada has been buying up billions of dollars worth of bonds each week, which has helped keep borrowing costs, including fixed mortgage rates, low. On Thursday, BoC Governor Tiff Macklem outlined the roadmap for ending the Bank’s bond-buying program, also known as Quantitative Easing, or QE. “As the recovery progresses, we are moving closer to a time when continuing to add stimulus through QE will no longer be necessary,” Macklem said […]  |
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