Comments from the BOC Deputy

  • Will be paying close attention to how the virus affects growth and demand in key Canadian export markets
  • A lot will depend on whether Canada successfully manages risk of possible future waves of COVID-19
  • Despite positive signs, uncertainties remain
  • BOC's balance sheet has grown to $460B from $120B
  • Market liquidity has improved

She reiterated the commitment to continuing large-scale asset purchases until the economic recovery is underway but it sounds like she's starting to tee-up the exit.