David Kawai

Jan 13, 2025 | wsj.com | David Kawai

The Bank of Canada is likely to unveil this week that its quantitative-tightening program will come to an end during the second quarter, CIBC Capital Markets says. According to a BOC advisory, deputy governor Toni Gravelle on Thursday is scheduled to deliver remarks regarding the BOC’s balance sheet. Under Canada’s version of QT, securities purchased during the pandemic to help stabilize markets are being allowed to roll off the BOC balance sheet, with the proceeds going uninvested.

Sep 13, 2024 | inkl.com | Brett Popplewell |David Kawai

It wasn’t the cheap frame that gave the forgery away. Nor was it the photocopied image of the scowling Winston Churchill contained inside. It was the way it hung, crooked against the dark oak-panelled wall—a slight tilt, down and to the right. Bruno Lair couldn’t understand how the portrait had come detached from the wall.