The National Bank of Canada has adopted a bearish stance on Bitcoin, selling over $1.3 million in related assets amid market caution and political uncertainty following Prime Minister Justin Trudeau’s resignation. This shift reflects a broader focus on modernizing domestic payment systems rather than pursuing digital currency development. As investors withdraw from Bitcoin ETFs, the future of crypto in Canada remains uncertain, with emerging political figures like Pierre Poilievre advocating for digital assets as a hedge against inflation.
about Canada's National Bank Sells Bitcoin Assets Amid Political and Financial UncertaintyLaurentian Bank of Canada
0 in Finance and 0 in Crypto last weekThe Future of Monetary Policy and Balance Sheet Management Post Quantitative Tightening
Toni Gravelle discussed the end of quantitative tightening (QT) and the future management of the Bank of Canada’s balance sheet, which has been larger than usual since the COVID-19 crisis. QT, initiated in April 2022, involves allowing bond holdings to mature without replacement and is expected to conclude in 2025. Post-QT, the bank will revert to a pre-pandemic approach, primarily purchasing assets to match currency growth, while acknowledging necessary adaptations due to changes in the payment system and monetary policy framework.
about The Future of Monetary Policy and Balance Sheet Management Post Quantitative TighteningCanada’s Political Shift May Lead to Bitcoin Reserve Under New Leadership
Canadian Prime Minister Justin Trudeau may soon resign, potentially paving the way for a more Bitcoin-friendly government under Pierre Poilievre, who has expressed pro-Bitcoin views. With the Conservatives leading in polls, Poilievre’s advocacy for Bitcoin could lead to the establishment of a Strategic Bitcoin Reserve in Canada, mirroring similar proposals from global leaders. As BTC prices soar, the political landscape may shift towards greater acceptance of digital assets.
about Canada's Political Shift May Lead to Bitcoin Reserve Under New LeadershipCanada’s Political Landscape Shifts as Cryptocurrency Gains Influence in Elections
Canada’s political landscape is shifting as Prime Minister Justin Trudeau faces mounting criticism and a leadership crisis, with rumors of his imminent resignation from the Liberal Party. Meanwhile, Conservative leader Pierre Poilievre, a vocal supporter of cryptocurrency, is poised to capitalize on this turmoil in the upcoming federal election, scheduled for October 2025. His pro-crypto stance has sparked controversy, particularly regarding its impact on vulnerable populations, as he positions himself to attract tech-savvy voters.
about Canada's Political Landscape Shifts as Cryptocurrency Gains Influence in ElectionsCanadian Stock Market Growth Forecast Amid Political Uncertainties and Tariff Threats
Experts predict the Canadian equity market will continue to grow in 2025, building on its 2024 strength despite potential volatility and political uncertainties. Rising corporate profits, lower interest rates, and strong commodity prices are expected to drive growth, although the TSX may underperform compared to the S&P 500 due to slower economic momentum. Diversification and investment in resilient sectors, such as services, are recommended to mitigate risks from tariffs and market fluctuations.
about Canadian Stock Market Growth Forecast Amid Political Uncertainties and Tariff Threats