How does the Bank of Canada’s balance sheet impact the banking system?

Daniel Bolduc-Zuluaga, Brad Howell and Grahame Johnson

No 2022-12, Staff Analytical Notes from Bank of Canada

Abstract: The COVID‑19 pandemic caused severe stress in fixed-income markets. In response, in April 2020, the Bank of Canada launched the Government of Canada (GoC) bond purchase program. Initially, the program focused on restoring market functioning in the GoC bond market. In July 2020, that focus shifted to providing additional monetary stimulus through quantitative easing (QE).

Keywords: Financial institutions; Financial stability; Monetary policy (search for similar items in EconPapers)
JEL-codes: E E51 G G23 G32 (search for similar items in EconPapers)
Date: 2022-09
New Economics Papers: this item is included in nep-ban, nep-cba and nep-mon
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