Canadian governor sees ‘robust’ recovery in third quarter
Poloz says major shock to growth will probably be followed by “swift” recovery
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.
“Tha
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