Canadian governor sees ‘robust’ recovery in third quarter

L to R: Carolyn Wilkins and Stephen Poloz
L to R: senior deputy governor Carolyn Wilkins and governor Stephen Poloz
Bank of Canada

Bank of Canada governor Stephen Poloz told lawmakers he expects a “swift and robust” recovery for the country’s economy in the third quarter.

Poloz said he has “quite a lot of confidence” that Canada’s fiscal and monetary measures will help the economy recover faster than in previous recessions.

The government so far has announced just over C$100 billion ($71 billion) worth of aid and the central bank around C$200 billion in liquidity measures, or roughly 5% and 10% of GDP, respectively.


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