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Economists applaud BoC’s decision to pare back QE, with economic recovery en route

By Mike Lapointe      

The central bank announced it will be lowering its bond purchases from $4-billion to $3-billion a week, signalling a drawdown from the government’s first foray into quantitative easing that began in 2020.

Bank of Canada Governor Tiff Macklem, pictured May 1, 2020, announced that the central bank would be tapering back on quantitative easing, something top economists have welcomed as Canada's economy is set to rebound from the COVID-19 financial crisis. The Hill Times photograph by Andrew Meade

Canada’s economic recovery from the COVID-19 recession is exceeding expectations so far, according to some of Canada’s top economists, who say that the Bank of Canada’s recent decision to taper its first-ever foray into quantitative easing is a necessary step in the right direction.

Mike Lapointe

Mike Lapointe joined the The Hill Times in June 2019 and covers the federal public service, deputy ministers, the Privy Council Office, public service unions, the Phoenix pay system, the machinery of government, and the Parliament Hill media.
- mlapointe@hilltimes.com


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Budget investments not enough to replace need for new round of COVID student benefits, says Green leader Paul

News|By Alice Chen
Liberal MP Julie Dzerowicz says the market has recovered enough to replace the benefit with actual employment, but students advocates say the jobs aren't there yet.

Planned U.S. withdrawal from Afghanistan leaves questions over Canada’s ability to provide international assistance

News|By Neil Moss
The security situation in Afghanistan 'will have the effect of us having to reassess all our programming in Afghanistan,' says Chris Kilford, who served as deputy military attaché in Kabul.

U.S.-backed vaccine waiver should force Canada to support initiative, say politicos

News|By Neil Moss
Pressure is mounting on the Canadian government to back the waiver as it has received support from the U.S. and more than 30 Liberal MPs are calling on Prime Minister Justin Trudeau to champion the initiative.

Feds’ appointee to address military sexual misconduct aims to have mandate approval at ‘end of May’

News|By Beatrice Paez
The lieutenant-general says one of her first assignments is to ‘issue guidance’ for military leaders ‘in the next few weeks’ on how to lead with inclusivity in mind.

Rollout of infrastructure money ‘lagging indicator’ of effort to spur economic activity, says deputy minister

News|By Palak Mangat
A ‘real impetus’ in earmarking funds for infrastructure projects is getting it approved, says one bureaucrat, but one MP adds there may still be gaps in how Ottawa allocates such dollars.

Senate, House report at least 30 COVID-19 cases in Parliamentary Precinct since pandemic’s early days

On April 29, PSPC launched a rapid testing program after a 10-case outbreak among Centre Block construction workers, the most reported cases among workers on the Hill, according to new data.

‘You are walking on eggshells’: infectious disease docs say ‘trust in vaccines is fragile,’ NACI guidance unhelpful

News|By Mike Lapointe
The federal government has been urging Canadians to get the first vaccine available.

Bill C-10: how closing the YouTube ‘loophole’ created a political firestorm

The partisan finger-pointing that has defined the debate around Bill C-10 over the past two weeks is rooted in an attempt by the government, and a few MPs, to make sure that influential streaming companies that rely on uploaded content, such as YouTube, are bound by rules designed to promote Canadian cultural content, and protect Canadian broadcasters. 

Bill to entrench new Senate leaders for good has arrived

Bill S-4 would give better pay and official status to the leaders of the new groups in the Senate.
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