When the Bank of Canada buys bonds on the open market the reserves of chartered banks are:

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When the Bank of Canada buys bonds on the open market, the reserves of chartered banks are initially increased by the amount of the purchase. This is because the banks receive payment for the bonds from the Bank of Canada, which increases their reserves. However, over time, the increase in reserves can lead to an increase in the money supply and potentially inflation.

When the Bank of Canada Buys Bonds on the Open