BOC Macklem
BOC Macklem is speaking and says:
- The BOC is not in active discussions on negative rates, but says "never say never"
Earlier the Governor of the Bank of Canada said:
- full recovery will take a long time and many risks remain
- it will be a long slow climb to get everyone back working at pre-pandemic hours
- The financial markets are functioning well
- QE is working and credit is flowing
