Poloz takes audience questions:

  • Downside risks are the most-difficult to manage
  • Balance sheet will reverse course as markets normalize
  • Best case scenario for recovery is still most likely
  • Thinks Canadian economy will be near the top of the range of BOC's expected outcomes

I'll monitor for other comments. USD/CAD dipped to 1.3969 at the London fix but is back to 1.3985, little changed on the day.