Commenting on Bank of Canada Governor Poloz’s recently-delivered remarks on the economy, “the Economic Progress Report from Governor Poloz had a downbeat tone, consistent with yesterday’s policy decision and press release,” noted TD Securities analysts. Key quotes “Poloz framed Wednesday’s decision as an exercise in risk management, noting that the downside risks from COVID-19 sufficiently outweighed the Bank’s concern over financial vulnerabilities.” “Poloz also repeated that the Bank stands ready to act should conditions warrant further monetary stimulus and that it will coordinate with other G7 central banks and fiscal authorities. We continue to look for the Bank to cut rates by 25bps at the April meeting, with a final 25bp cut coming in June.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next France reports 423 confirmed coronavirus cases, Germany cases rise to 400 FX Street 3 years Commenting on Bank of Canada Governor Poloz's recently-delivered remarks on the economy, "the Economic Progress Report from Governor Poloz had a downbeat tone, consistent with yesterday's policy decision and press release," noted TD Securities analysts. Key quotes "Poloz framed Wednesday's decision as an exercise in risk management, noting that the downside risks from COVID-19 sufficiently outweighed the Bank's concern over financial vulnerabilities." "Poloz also repeated that the Bank stands ready to act should conditions warrant further monetary stimulus and that it will coordinate with other G7 central banks and fiscal authorities. We continue to look for the Bank to cut… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
