Stimulus: Quantitative Easing

quantitative easing: The loonie surrendered early gains to slip 0.08 of a cent to 98.26 cents US, according to 660 News. The stimulus measures, known as quantitative easing, have kept interest and bond yields low and kept a rally going on stock markets practically non-stop since late last year and TORONTO The Canadian dollar closed lower Monday as traders looked for clarity on whether the U.S. Federal Reserve thinks economic conditions are favourable enough to start easing up on some stimulus. Markets have been volatile since late May when Fed chairman Ben Bernanke said the U.S. central bank would consider cutting back on its US$85 billion of bond purchases each month if economic data particularly job growth improved. (www.immigrantscanada.com). As reported in the news.