BoC's governor Poloz: BoC stands ready to augment all programs if needed

Market news

15 April 2020

BoC's governor Poloz: BoC stands ready to augment all programs if needed

Says commodity-producing countries are being hit twice right now
Balance of risks is a decline in inflation
Risk of sustained deflation in Canada is low
Repeats that 0.25% in effective lower bound
There has been some improvement in market functioning
Corporate bond market continues to show signs of strain
BoC has so far accumulated over CAD200 billion of new assets, amounting to about 10% of Canada's GDP
Extending repo program should help banks and lower mortgage rates

Gold: Nothing like price to change sentiment – TDS

U.S. business inventories decrease 0.4 percent in February

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