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