BOC Macklem: He is comfortable with pulling back on extraordinary stimulus

BOC Macklem

BOC Macklem is speaking in a Wall Street Journal article:

• He is comfortable with pulling back on the extraordinary stimulus extended during the pandemic because of the domestic economy's resilience, including a strong bounce back from a second wave of Covid-19 infections at the beginning of the year.

• Tapering is the right move for the economy

• Canadian economy still needs considerable monetary support