Bank of Canada lost $522M in 3rd quarter, marking first loss in its history
Published
Bank of Canada lost $522M in 3rd quarter, marking first loss in its history Central bank dramatically expanded assets during the pandemic as part of bond-purchasing program The Bank of Canada lost $522 million in the third quarter of this year, marking the first loss in its 87-year history. In the…
#dramaticallyexpanded #losses #settlementbalances #lost #marking #history #monetarypolicy #policy #bondpurchasingprogram #tiffmacklem