More from the Bank of Canada leader:
- Expects different parts of Canada to be affected in different ways
- It will be a long time before BOC removes stimulus, isn't discussing it now
- BOC expects more outbreaks.
- We've avoided the worst-case scenario but it's going to be a long, slow recovery
The BOC went to great lengths to highlight that its QE program was all about 'market functioning' when it was rolled out. That talk has now disappeared.