Most investors intuitively recognize the benefit of purchasing distressed assets “on-sale” when markets periodically correct, yet very few actually hold the cash required
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How the Bank of Canada Funds Government Spending
Critics of the Bank of Canada have been out in full force as of late, arguing that through Bank of Canada purchases of Government of
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How the Bank of Canada Creates Money
ABSTRACT This paper provides a general understanding of the process by which the Bank of Canada (BoC) creates money through large scale asset
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On Inflation, QE, and Canada’s Fiscal Deficit
Given the recent unprecedented actions taken by both the Government of Canada and the Bank of Canada in response to the pandemic, it
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Do Banks “Spend” Reserves?
As regular readers are no doubt aware, I’ve often argued against the notion that QE operations conducted by the Bank of Canada are
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