Verbatim quote · Receipt

A verified quote

This is the receipt at the end of every superscript. The text below is a literal substring of the source document — checked mechanically, not vouched.

"Bank of Canada under Macklem ran its first-ever QE (peak ~$400B in GoC bonds), explicitly indemnified by the federal government — meaning the Treasury bears any mark-to-market loss."

From Phase 6 Research Dossier: The Architecture and Its Discontents

Supports Fact · compass_artifact_wf-03aed49f-2499-4ad4-98f2-cd0883792acf_text_markdown.md

Provenance

Position 13564 · 181 characters (within the extraction window)

Extracted 25 September 2026

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