The Governor of the Bank of Canada (BoC), Tiff Macklem, he made his comments following the bank’s decision to keep the policy rate unchanged while reducing weekly net purchases of Canadian government bonds to a target of C $ 3 billion from C $ 4 billion.
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“The performance of the economy in recent months has increased our confidence in the underlying strength of the recovery.”
“We welcome the recent proposal by the superintendent of financial institutions to introduce a fixed floor at the minimum qualifying rate for unsecured mortgages.”
“Additional adjustments to our QE program will be gradual and we will be deliberate both in our evaluation of the incoming data and in the communication of our analysis.”
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