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BoC’s Macklem: We are going to get out of this

Bank of Canada Governor Tiff Macklem, in a press conference, has said that new covid-19 restrictions will reduce growth, the economy could even slide backwards.

Says this second wave of covid-19 infections is certainly going to put a chop in the recovery.

Says arrival of vaccines is tremendously positive, we are going to get out of this.

BoC: CAD is hurting exports, recovery at very difficult stage

USD/CAD update

USD/CAD dives to fresh yearly lows under 1.2700 as stimulus hopes trigger risk-on

 

 

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