The Bank of Canada Ends QE, Plunging Gold Prices In CAD
So, QE ended (so far in Canada, but the Fed will follow suit) and the termination plunged gold prices in Canadian dollars. Will this repeat globally? Q3 2021 hedge fund letters, conferences and more Finally! Yesterday (October 27, 2021), one central bank ended its quantitative easing program after gradually reducing the pace of asset purchases earlier this year. Don’t panic though - it wasn’t the Fed, nor the ECB, nor the Bank of Japan. It was the Bank of Canada. As we can read in the monetary policy statement: In light of the progress made in the economic recovery, the Governing Council has d...