I would like to thank Stéphane Lavoie, James MacGee and Jonathan Witmer for their help in preparing this speech. Not for publication before December 10, 2020 1:30 pm Eastern Time  -2Today, I’ll discuss our main large-scale asset purchase program—the Government of Canada Bond Purchase Program1—in greater detail. We commonly refer to this program as quantitative easing.
What’s important to remember about this and other programs is that they are all grounded in the same policy framework that has served Canada well for years. Each of our actions has been designed to return the economy toward its full capacity to support our 2 percent inflation target.