Reading Time: 6 minutesDisponible en français. From the beginning of World War II until 1950, and again from 1962 to 1970, the value of the Canadian dollar was fixed in relation to the U.S. dollar. The Bank of Canada was responsible for intervening… Read More ›
Bank of Canada
A Supply-and-Demand Perspective on Housing Affordability
Reading Time: 5 minutesDisponible en français. If housing supply and housing demand could talk, they would tell us that proposals that increase supply have the effect of reducing the price of housing and increasing quantity. As for proposals that increase demand, they raise… Read More ›
Executive Summary – How the Bank of Canada Creates Money Through its Asset Purchases
Reading Time: < 1 minuteDisponible en français. Money is created in the Canadian economy in two main ways: through private commercial bank loans or asset purchases, and through the Bank of Canada’s asset purchases. The majority of money in the economy is created by… Read More ›