BOC Macklem takes audiences questions

  • we are starting to see some early signs of excess housing enthusiasm
  • we are still a long way from where we were in 2016 and 2017 as regards to the housing market
  • will be looking at housing risks very carefully
  • BOC can support the economy through full recovery length
  • will be important over time to reestablish the substantial fiscal policy
  • asked about potential impact of record high deficits and national debt, says government measures to address pandemic were necessary

Macklem to hold press conference at 1:50 PM ET.