In the central bank's latest quarterly financial report, it says revenue from interest on its assets did not keep pace with interest charges on deposits at the bank, which have grown amid rapidly rising interest rates.Also known as quantitative easing, the policy was part of the central bank's efforts to stimulate the economy.Speaking before the House of Commons finance committee last week, Bank of Canada governor Tiff Macklem addressed the expected losses.MORE Business NewsYOUR FINANCESNational Bank reports Q4 profit down from year ago, raises quarterly dividendNational Bank of Canada raised its dividend as it reported its fourth-quarter profit fell four per cent compared with a year ago.Royal Bank of Canada reports $3.88B Q4 profit, raises quarterly dividendRoyal Bank of Canada is taking measures to prepare for a more uncertain year ahead, but results from the past quarter still show gains in key areas like loans and new client additions."