Gravelle pointed to the 2008-2009 financial crisis and the outset of the COVID-19 pandemic as examples of where the bank had intervened in the past. But there were also lessons taken that would be addressed in the future, he said.
Gravelle said that penalty pricing – which would make the program unattractive once financial conditions improve – would be built into future extraordinary actions, which would be taken only in “extreme market-wide situations, when the entire financial system faces funding constraints.”Article content
Gravelle said if there were another massive crisis that the bank could not address through its emergency tools, “we may well be in a ‘break the glass’ situation … may resort to large scale Government of Canada bond purchases.
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Bank of Canada says it is ‘ready to act’ in event of extreme market stressBank of Canada Deputy Governor Toni Gravelle said the central bank’s quantitative tightening program will have run its course by the first half of 2025 Are they going to take out Trudeau and Freeland ? Keep cranking that interest rate up. Rates need to rise up and above the current inflation rate. Take warning. ⚠️
مصدر: globeandmail - 🏆 5. / 92 اقرأ أكثر »
Bank of Canada 'ready to act' in event of extreme market stressThe Bank of Canada said it was ready to step in with support if the banking system came under severe strain. Find out more bend over taxpayers. foreign investors have needs Both of those banks went woke instead of taking care of real business. They went broke. Any banks that are flogging DEI, ESGs and SDGs needs to be examined imho. Exposure to directed funds like that is dangerous. ooooOoOooOooooOoh they are stressing alright, I work for a major bank in Toronto and the meetings I have been privy to are not a good sign of things to come...
مصدر: nationalpost - 🏆 10. / 80 اقرأ أكثر »