Financial Stimulus At Unprecedented Levels in North America | BullionBuzz Chart of the Week
The BullionBuzz Chart of the Week focuses on comparing financial stimulus in 2008 vs 2020 for Canada and US. Both economies are printing significantly more money than they were in 2008.
During a 2-month time horizon, both the US and Canada have provided stimulus at levels significantly higher than the 2008 recession.
As an example, the US has provided 103% more financial stimulus during COVID-19 compared to 2008.
Source: fred.stlouisfed,org; Bank of Canada; BMG Group Inc.