Bank remains committed to keeping yields low

The Bank of Canada adopted a more upbeat tone in its latest policy statement but, given the slow vaccination program and the Bank’s concerns about the labour market, we doubt this is a signal that it will be reducing the pace of its asset purchase at the next meeting in April.   Note: I’ll be answering questions online about the Bank of Canada’s strategy at 09:00 PST/12:00 EST/17:00 GMT. If you haven’t had a chance to register yet, you can do so here.