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Our COVID-19 response: Large-scale asset purchases

Summary:
The Bank of Canada has taken many actions to support Canadians since the COVID-19 pandemic struck. These include large-scale asset purchases—buying a substantial amount of government bonds and other financial assets. Our purchases serve two purposes. They help key financial markets work properly, and they can help increase spending in the economy. This leads to more employment and stronger economic growth. Paul Beaudry

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The Bank of Canada has taken many actions to support Canadians since the COVID-19 pandemic struck. These include large-scale asset purchases—buying a substantial amount of government bonds and other financial assets. Our purchases serve two purposes. They help key financial markets work properly, and they can help increase spending in the economy. This leads to more employment and stronger economic growth.

Our COVID-19 response: Large-scale asset purchases

Paul Beaudry

Louise Egan
Communications at the Bank of Canada. Opinions my own and mostly kept offline anyway.

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