Gold pushes higher against Canadian dollar as Bank of Canada starts to tapper bond purchases

  • 07/14/2021
  • Source: Kitco
  • by: Neils Christensen
Gold pushes higher against Canadian dollar as Bank of Canada starts to tapper bond purchases
(Kitco News) - Gold is moving higher against the Canadian Dollar as the Bank of Canada announced a reduction in its weekly bond purchase program.

In its monetary policy statement the Bank of Canada said that it will now purchase $2 billion in bond weekly, down from $3 billion.

“This adjustment reflects continued progress towards recovery and the Bank’s increased confidence in the strength of the Canadian economic outlook,” the central bank said in its monetary policy statement.
DYNAMIC WEALTH RESEARCH

Analysis and insights into the newest trends and industries shaping the world and your wealth.

The world is more dynamic than at any time in History.
New Markets are opening up. Technology is accelerating. It’s changing everything.

And creating fortunes in the process.

Dynamic Wealth Research exposes the biggest and most profitable changes for our readers.
IMG
SHARE DYNAMIC WEALTH RESEARCH
© 2016 - 2021 DYNAMIC WEALTH RESEARCH, Privacy Policy, Disclaimer