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MNI BRIEF: Canada Should Create Deferred Asset on QE Losses

(MNI) OTTAWA
OTTAWA (MNI)

Canada's central bank should be allowed to create a "deferred asset" covering losses on quantitative easing, according to former advisers at the C.D. Howe Institute.

That would require a change in federal legislation, according to former advisers Steve Ambler and Thorsten Koeppl and Jeremy Kronick, a director at the institute and a former central bank researcher. The upcoming report from the C.D. Howe Institute in Toronto is due out Tuesday morning.

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Canada's central bank should be allowed to create a "deferred asset" covering losses on quantitative easing, according to former advisers at the C.D. Howe Institute.

That would require a change in federal legislation, according to former advisers Steve Ambler and Thorsten Koeppl and Jeremy Kronick, a director at the institute and a former central bank researcher. The upcoming report from the C.D. Howe Institute in Toronto is due out Tuesday morning.

Keep reading...Show less