ZCAN - Growing Bonds Between Fiscal And Monetary Policy
By Kurt Reiman, Daniel Donato
The Ministry of Finance appointed the 10th governor of the Bank of Canada last week amid an unprecedented economic slowdown, pickup in fiscal deficits and central bank purchases of government bonds. Kurt and Daniel explore what large-scale asset purchases at a time of ever higher deficit projections could mean for financial markets.
This past week brought many new developments related to the future of Canadian monetary policy and its relationship with fiscal policy in the post-coronavirus era. First, Finance Minister Bill Morneau announced on Friday that Tiff Macklem would