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.
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