. Housing Market Activity Has Been Much Stronger Than Expected’: Bank of Canada Leaves Rates Unchanged « JO LEE MAGAZINE

Yahoo – The Bank of Canada is holding its overnight rate at 0.25 per cent and continuing its quantitative easing program (QE) at its current pace.

“The Bank is maintaining its extraordinary forward guidance, reinforced and supplemented by its quantitative easing (QE) program, which continues at its current pace of at least $4 billion per week,” it said in a release.

Canada’s central bank says the program will continue until economic recovery is well underway…

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Bank of Canada Governor Tiff Macklem takes part in a news conference in Ottawa, Ontario, Canada December 15, 2020. REUTERS/Blair Gable

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