We're not monetizing those bonds; we're buying them. They're on their balance sheet. The government has to pay them back. When those bonds mature, the government will have to pay them back.
On March 3rd, 2022. See this statement in context.
On March 3rd, 2022. See this statement in context.
March 3rd, 2022 / 4:15 p.m.
Governor, Bank of Canada
We're not monetizing those bonds; we're buying them. They're on their balance sheet. The government has to pay them back. When those bonds mature, the government will have to pay them back.
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