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.

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.

???????? “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… pic.twitter.com/7xaMgJOfnz

— Shazi (@ShaziGoalie)November 23, 2025