The Bank of Canada may lose up to $8.8 billion over the next few years, according to a new report.
In the fall, the Bank of Canada posted its first loss in its 87-year history, losing $522 million in its third quarter.
However, the central bank’s policy decisions during the pandemic have led to the current predicament.Article content While the losses are a first for the Bank of Canada, other central banks who also engaged in quantitative easing during the pandemic, are also posting losses.Article content “Any other potential reputational hits that it takes might further erode public confidence in the institution,” he said.
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Posthaste: Bank of Canada could lose up to $8.8 billion over next few years: reportThe Bank of Canada could lose $3.6 billion to $8.8 billion over the next two to three years, the C.D. Howe Institute said. Read more.
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Posthaste: Bank of Canada could lose up to $8.8 billion over next few years: reportThe Bank of Canada could lose $3.6 billion to $8.8 billion over the next two to three years, the C.D. Howe Institute said. Read more.
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Posthaste: Bank of Canada could lose up to $8.8 billion over next few years: reportThe Bank of Canada could lose $3.6 billion to $8.8 billion over the next two to three years, the C.D. Howe Institute said. Read more.
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Opinion: The Bank of Canada still lags in transparencyThe global surge in inflation has damaged the credibility of central banks. Read more.
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Opinion: The Bank of Canada still lags in transparencyThe global surge in inflation has damaged the credibility of central banks. Read more.
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Video: Canada’s bank regulator proposes new mortgage restrictionsThe Office of the Superintendent of Financial Institutions' Peter Routledge sat down with mortgage columnist Rob McLister to explain possible new restrictions on mortgage borrowing in Canada, including OSFI's potential new loan-to-income limit and debt service limit. Mr. Routledge also weighs in on whether Canadian banks can withstand a U.S.-style housing crash.
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