The Bank of Canada will be buying corporate bonds. Compared to the Federal Reserve Act, the Bank of Canada Act (particularly section 18g) allows our central bank to buy pretty much everything under the sun.

The Bank of Canada will be buying corporate bonds.

Compared to the Federal Reserve Act, the Bank of Canada Act (particularly section 18g) allows our central bank to buy pretty much everything under the sun. https://t.co/YCKnacdZr5

— John Paul Koning (@jp_koning) March 23, 2020