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  • Financial Services and Regulation, Monetary Policy, Public Governance and Accountability

Ed Devlin on BNN – The hidden sting in removing stimulus: A tide of new debt

Ed Devlin, Senior Fellow at the C.D. Howe Institute and founder of Devlin Capital, joined BNN Bloomberg and discussed the Bank of Canada being in uncharted territory as it implements quantitative tightening – the shrinking of its balance sheet – while also tightening interest rates. He advised the Bank to be flexible if a flood of new government bonds ends up swamping Canada’s illiquid market.

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