More from BoC Governor Macklem - bond purchases not guided by government needs

Bank of Canada Governor Macklem is appearing before a parliamentary committee.

Earlier comments here:

• BOC Gov Macklem optimistic on strong consumption growth as vaccination progress

More:

• inflation goal influenced the Bank's decision to slow QE
• bond purchases are guided by inflation targets rather than government needs
• Bank of Canada is committed to meeting its 2% inflation target
• QE can be gradually adjusted in the future
• Despite the latest COVID surge, we see remarkable economic resilience

USD/CAD is barely budging, circa 1.2400 still.