#bankofcanada #canadianeconomy #moneyprinting
The Bank of Canada is going to be ending Quantitative Tightening (sucking money out of the system), sooner than it had planned – as the banks say more reserves are needed for the system to function correctly.
Links:
Speech by Deputy Governor Toni Gravelle / Discours du sous-gouverneur Toni Gravelle:
https://www.youtube.com/watch?v=YyfnCdRVL1A&t=679s
The end of quantitative tightening and what comes next:
Bank of Canada expects to end quantitative tightening in first half of 2025:
https://financialpost.com/news/bank-of-canada-end-quantitative-tightening-2025
Bank of Canada expects to announce end of quantitative tightening in next few months:
Bank of Canada assets and liabilities: Weekly (formerly B2):
Bank of Canada Didn’t Print Cash – Twitter:
https://x.com/bankofcanada/status/1562801978383937537?lang=kn
Going back to normal: The Bank of Canada’s balance sheet after quantitative tightening:
https://www.bankofcanada.ca/2024/03/going-back-normal-bank-canadas-balance-sheet/
Bank of Canada holdings:
https://www.bankofcanada.ca/markets/government-securities-auctions/bank-of-canada-holdings/
CORRA: Implementation Frictions or Policy Interference?:
CIBC Says Bank of Canada Must End or Fix Quantitative Tightening:
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There is no end to this now… world controlled by central banks. 50 Canadian dollar?
Here we go again. BoC starts QE after this. Then inflation will again accelerate. Tiffany Macklem will say “Oh, it’s transitionary “ and “we will not hike rates until 2029” and then he will again start QT and hike interest rates abruptly to 5%. 😮💨
We need some fresh ideas and change in personal at the BoC to deal with this shit. It’s getting frustrating.
Trump is going to tighten it so hard they need additional 25percen
Why truedo government allowing this
Is this truedos way of leaving the tap open as rushes out of the house that is burning down
Thanks for the update.
Pretty much 24B$ repos every day.
Nice all the investors and house hoarders win
Theres going to be a lot of investment in the oil and gas sector now that the entitled little rich boy has stepped down.
Look for the big 6 banks to supply a lot of financing that way.
The average mortgage applicant will actually have to compete for the banks money.
Financing a second property could get harder soon
I knew this was coming. An election is coming up. If they told the banks to sort out their own cash reserves the BOC wouldn't have to do QE. The banks need more money because they are insolvent and have issued far too many bad loans. They don't have the cash to cover loan failures and want tax payers to bail them out.
Maybe they will start buying crypto assets.
I think the banks want more reserve because they are going to need it to stave off the blood bath of bad mortgages that are coming due sounds like a bail out but that's not popular so they havespun it into something different
Mark I don't mean to brag but I've been using all the government cash giveaways to pay down debt. I really hope other Canadians are doing the same instead of splurging.
The boring is coming to bite everyone in the ass. Nice work bankers. I hope people screw you up and not pay back .HAHAHAHA THE sheeps get screwed up.
This may impact the market for fthb along with the reduced down payment incentives plus 30 years amortization. Debt slaves for life.
Its still conjuring “currency” out of thin air. I’ll stick to the real money, silver and gold thanx.🤦🏻♂️
I don't understand, they should continue QT and get rid of all the assets on the balance sheet. These guys have no idea what they are doing.
Again, this is the best news source for honest information about our economy and a very good source for fx forecasting, too
Buying bonds will keep the upward pressure on them. Increasing renewal rates despite trying to drop it by dropping the interest rate? Am I getting this right
It’s a big ponzy scheme lol
So the banks were tightening AND the dollar fell. What happens when they print?
50 – 70 Billion HoLy ShIt! That's 15 houses!
I just bought a house and i'm going with variable, you think thats a good idea?
Great report Mark! Love the South Park clip!
I predict rates of the BOC will go under 2% by June, i do not think they have a choice.
Oh oh…
Great video Mark. Not that I look at the BoC Overnight repo any more… nope.
8-16 billion a night is not a sign of crap paper stress or cash issues. Nope again.
Nobody is current buying canadian bonds because they don’t want our currency or because they think the return has reached its full potential since BoC started lowering its interest rates? Or one is caused by the other?
Also, why do private banks have a say in asking for more money to the BoC? I get the overnight market, but in general, don’t the bank handle their money and cashflow? I think I need more classes on banking system 😂
you're a qt
I find this outrageous…. We have house prices in the early correction phase in my opinion. But this, will only dampen it and make our inflation battle spring back to life. I'm no economic student… This, if isn't handled softly only makes Canada look far weaker. Definitely a clown show and hopefully Canadians are already understand the value of holding any Assets other than housing this point!
The Tarffis is only a smokescreen…
an election coming up – so screwing with things again for political gains as we have an election in 4 mths
If TD bank needs more cash maybe they can launder more CCP drug money. They had no problem doing it before and we as Canadians are left to deal with places like East Hastings street in Vancouver.
If they get to print money so do citizens. The money has no value if people can just print it out of nowhere.. it would be a better idea to cut the government employees and their paychecks and take their pensions.. that should help the economy a lot and maybe we should ban the government from sending doreign aid when were going bankrupt. Maybe we can get a refund from all the billions sent overseas. Printing money out of nowhere is illegal, even when the bank does it. If they can print money everyone can print money. The laws are for everyone.
Printing another 50B, deficit of 60B, which lower middle class will have to pay, this is the end of liberals
What do you expect from federal reserve district 13. Rothschild kazarian money majik. Why won't any CANADIAN politician address what is happening in the world's economies? CANADA has no gold reserves. Only worthless debt notes of other central banks. What is the future of our currency when its less than .60 of an American dollar which is worthless. Now Trump wants a bitcoin reserve. Is this because they sold all of their gold. We need everyone to come clean and stop lying. Instead of joining an already bankrupt USA inc maybe we should nationalize the gold mines and join Brics+.