Canadian opposition says central bank ‘must not become government ATM’
Bank of Canada to end some emergency financing programmes as lawmaker calls more QE “insane”
A leading opposition politician has warned Canada’s central bank not to “act as an ATM” for the country’s government.
The news came as the Bank of Canada said it was ending some of the emergency support programmes it introduced in March, and modifying others.
The Bank of Canada began quantitative easing programmes for the first time earlier this year in response to the coronavirus pandemic. It currently holds C$168 billion ($128 billion) in Canadian government bonds.
Prime minister Justin
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