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Canadian Drama: Loonie Dumps And Pumps On Headline Chaos As BOC Tapers Bond Purchases, Moves Up Rate Guidance
by Tyler Durden
Wednesday, Apr 21, 2021 - 10:15 AM
There was a lot of market drama ahead of - and during - this morning s Bank of Canada announcement.
About 9 minutes before the 10am press release, Bloomberg blasted what appears was a fat fingered (and false) MT Newswires headline which said
Bank of Canada Maintains Its QE Purchases , which was a shock to consensus expectations that the BOC would
taper its QE by C$1BN (not because it wants to but because it has to). ....

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