Bank of Canada (BoC) Deputy Governor Sharon Kozicki noted on Thursday that the BoC is set to end its quantitative easing program and that future applications of QE will have a very high bar to pass before accessing additional monetary policy mechanisms.

Key highlights

• Unwinding of quantitative easing through quantitative tightening has gone smoothly.
• If inflation continues to ease, it is reasonable to expect further rate cuts. We are taking our interest rate decisions one meeting at a time.
• The bar for us to use QE again is very high.
• The BoC expects to end quantitative tightening at some point in 2025.