When asked if the BoC is planning to increase the size of its corporate bond buying program, “this is not part of our thinking at the moment,” said the deputy chief governor of the company. BoC, Carolyn Wilkins. “As restrictions are gradually lifted, the housing market is expected to recover and it is difficult to predict how quickly,” added Wilkins.
Meanwhile, Governor Poloz said the best scenario for BoC’s coronavirus was always at hand. “If there were to be a second wave of economic spinoffs, we would need another scenario,” said Poloz. “We are moving towards a different type of normalcy where there would be a reasonable return to economic activity in the third quarter.
the USD / CAD The pair fell slightly and was last seen posting small daily losses at 1.4095.