On April 27, 2022 the liability of the Bank of Canada (Members of Payments Canada) was $221 billion. On May 18th this was $193 billion and on May 25th, $189 billion.
Another $3 billion of government debt matures on June 1st and $270 million of mortgage bonds mid-month.
The US Federal Reserve’s incarnation of QT starts on June 1st.
I’m keeping two years of my RIF payments in cashable GIC’s so I can reinvesting them at higher rates and also giving myself two years to wait out a drop in equity markets