The Bank of Canada is back buying government debt, printing money with a keyboard stroke, crediting Ottawa’s account, and calling it normal

“routine” balance sheet management just quietly crossed a line nobody wants to talk about


“routine” balance sheet management just quietly crossed a line nobody wants to talk about.

The Bank of Canada is back buying government debt, printing money with a keyboard stroke, crediting Ottawa’s account, and calling it normal.

Except it isn’t normal. It wasn’t normal in 2020.

And it’s definitely not normal now with an $80B deficit and a government desperate for cash.

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