Section

COVID-19

Quantitative easing is the wrong tool for the Bank of Canada

Rumours that the Bank will buy bonds to fight the pandemic miss a decade of QE abroad: contested growth effects, more fragile markets, and a policy that is hard to stop.

Innis · 4 min read

Ad-free for subscribers

Read The Borealian without the advertising.

A subscription removes every ad, unlocks each In Focus investigation and the full archive, and keeps independent Canadian commentary paying its own way.

See subscription options Already a subscriber? Sign in