Incoming BoC's governor Macklem: Virus situation calls for unprecedented response

Market news

1 May 2020

Incoming BoC's governor Macklem: Virus situation calls for unprecedented response

BoC will continue to provide essential liquidity
Doesn't make sense to introduce more uncertainty
Negative rates among tools at BoC
Sees downside risks to recovery scenario

BoE to release its interest rate decision at 6:00 GMT on May 7

U.S. construction spending unexpectedly increases in March

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