Bank of Canada Admits Banks were 'Hoarding' Cash Requiring Injections
#bankofcanada #canadianeconomy #canadianbanks The Bank of Canada has admitted that Canada’s financial institutions were hoarding cash, requiring overnight cash injections since January 2024 – But have has now ‘fixed’ the problem by decreasing the amount of interest the central bank pays on deposits. Links: Release of the Monetary Policy Report / Publication du Rapport sur la politique monétaire: https://www.youtube.com/watch?v=FeLkYlD4xYA&t=863s Release of the Monetary Policy Report / Publication du Rapport sur la politique monétaire: https://www.youtube.com/watch?v=88MOLr_QhGs&t=1572s Bank of Canada's deposit-rate cut appears to fix repo market strains: https://financialpost.com/news/economy/bank-of-canada-deposit-rate-cut-repo-market-strains Bank of Canada conducts Overnight Repo operation: https://www.bankofcanada.ca/2024/01/bank-of-canada-conducts-overnight-repo-operation/ CIBC Says Bank of Canada Must End or Fix Quantitative Tightening: https://www.bloomberg.com/news/articles/2024-07-17/cibc-says-bank-of-canada-must-end-or-fix-quantitative-tightening CORRA: Explaining the rise in volumes and resulting upward pressure: https://www.bankofcanada.ca/wp-content/uploads/2024/08/san2024-21.pdf Canada pushes back after Trump says 25% tariff will go ahead next week: https://www.thestar.com/politics/federal/canada-pushes-back-after-trump-says-25-tariff-will-go-ahead-next-week/article_b7448264-f2f2-11ef-9432-630c25106688.html ‘No economic bounceback’: Bank of Canada governor says trade war could hurt the economy more than pandemic: https://www.thestar.com/business/no-economic-bounceback-bank-of-canada-governor-says-trade-war-could-hurt-the-economy-more/article_f58bf28a-eee9-11ef-a0dc-3f4cc8474f1c.html Reverse mortgage down payment gifts: golden opportunity or golden years gamble?: https://financialpost.com/real-estate/mortgages/reverse-mortgage-down-payment-gifts-golden-opportunity-golden-years-gamble Bank of Canada’s Deposit-Rate Cut Appears to Fix Repo Market Strains: https://www.bnnbloomberg.ca/business/economics/2025/02/24/bank-of-canadas-deposit-rate-cut-appears-to-fix-repo-market-strains/ Policy interest rate: https://www.bankofcanada.ca/core-functions/monetary-policy/key-interest-rate/ Bank of Canada reduces policy rate by 25 basis points to 3%, announces end of quantitative tightening: https://www.bankofcanada.ca/2025/01/fad-press-release-2025-01-29/ Bank of Canada may lose billions in coming years, think tank warns: https://www.cbc.ca/news/business/bank-of-canada-cd-howe-1.6712142 FinCEN Assesses Record $1.3 Billion Penalty against TD Bank: https://www.fincen.gov/news/news-releases/fincen-assesses-record-13-billion-penalty-against-td-bank Mark Mitchell – Mortgage Broker London Ontario 920 Commissioners road east London, Ontario N5Z 3J1 Phone: (519)860-2102 (Call or Text) MarkMitchell@LondonOntarioMortgages.ca Brokerage Lic: 10464 Broker Lic: M16001479 https://www.LondonOntarioMortgages.ca – Apply Online!! Youtube Channel: https://www.youtube.com/c/MarkMitchellMortgageBrokerLondonOntario Subscribe NOW for more Mortgage/Financial News/Videos. Follow me on Social Media: Instagram - https://www.instagram.com/mortgagebrokerlondonontario Facebook - https://www.facebook.com/londonontariomortgages Twitter - https://twitter.com/londonmortgage1/ LinkedIn - https://www.linkedin.com/in/mark-mitchell-london-s-mortgage-broker-197842123/ TikTok - https://www.tiktok.com/@mortgagebrokerlondon?lang=en Commentary on this Channel should not be considered financial advice.
