Just shows the striking difference between the BoC head under Chretien and Martin vs the present print it till you puke crowd.
waldo factoid: its called
quantitative easing (QE) in aid of influencing longer-term interest rates that matter to Canadians - simply a tool within the Bank of Canada's monetary policy tool chest that involves buying large amounts of bonds that the Government of Canada has issued and sold to financial institutions, such as commercial banks.
=> member wilber, you're perpetuating a major misconception about QE:
the BoC is not printing bank notes to buy government bonds; rather, to pay for the bonds the BoC issues a liability settlement balance to match the bonds value... expanding upon the bank's balance sheet but NOT the amount of circulating money.
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