How can the Bank of Canada reduce the money supply?

Name: How can the Bank of Canada reduce the money supply?
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Question

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Selling securities is a tool used by the Bank of Canada to reduce the money supply as when the bank sells securities, it decreases the amount of money available in the economy. Buying securities from a bank or private citizen would increase the money supply, and saving failing banks would not directly impact the money supply.

How Can the Bank of Canada Reduce the Money Supply