BOC Extends QE to Provincial and Corporate Bonds, while Leaving Rate at Lower Bound

<p>After three cuts, 150 bps in total, in March, BOC left the policy rate unchanged at 0.25% at the April meeting. With the policy rate standing at the lower effective bound, the central bank added further monetary easing by extending the QE program. Unlike previous meetings, BOC did not provide the updated economic projections this […]</p>
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