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Canada's central bank is taking surprising steps to cool the nation's red-hot virus recovery - and the approach directly conflicts with the Fed's ultra-easy stance, even with the US further along


Canada s central bank is taking surprising steps to cool the nation s red-hot virus recovery - and the approach directly conflicts with the Fed s ultra-easy stance, even with the US further along
[email protected] (Ben Winck)
© Susan Walsh/Reuters; Sean Kilpatrick/Reuters
Susan Walsh/Reuters; Sean Kilpatrick/Reuters
The Bank of Canada is pulling back on its monetary support, striking a contrast with the Fed s strategy.
The move comes despite Canada lagging the US in vaccination and GDP recovery.
The Fed has said it isn t even considering such a pullback, signaling a divergence in the countries recovery plans.
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