The Bank of Canada plans to end quantitative tightening in the first half of this year and resume asset purchases after taking extraordinary measures during the pandemic. Deputy governor Toni Gravelle outlined the bank’s goal of reaching reserves of $50 to $70 billion by the third quarter, with plans to rebuild assets through repurchase agreements, treasury bills in 2025, and federal bonds in 2026. Gravelle emphasized that asset purchases will not be used for active economic stimulation like during the pandemic, signaling a return to “business as usual” for the central bank.
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Randall Denley: Ford helping Carney's Liberals won't help him take over the federal Conservatives
Summary Ontario Premier Doug Ford's recent criticism of federal Conservative Leader Pierre Poilievre's campaign has raised eyebrows, especially given Ford's apparent ambitions for federal leadership. Despite his campaign manager Kory Teneycke's negative assessments of Poilievre's campaign, Ford's endorsement of Teneycke as the "best campaign manager in the country" undermines his claim of neutrality in the federal election. This behavior, perceived as backstabbing by many, risks alienating federal Conservative supporters while highlighting Ford's own shortcomings as...
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