The Bank of Canada could lose $3.6 billion to $8.8 billion over the next two to three years, the C.D. Howe Institute said. Read more.
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The Bank of Canada isn’t in the business of making profits the way traditional financial institutions are. “ They estimated the central bank’s payments to Ottawa have totalled nearly $160 billion during its 88-year history. For the fiscal year that ended March 31, 2022, they said the Tombe and Chen aren’t necessarily bothered by the loss as it relates to the central bank’s ability to function, but said it is clouding the public’s perception.
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