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Macklem: Economy in a deep hole and it will take time to get out of it
BoC's Gov. Macklem: The economy is in a deep hole and it will take time to get out of it.
— Breaking Market News (@financialjuice) June 16, 2020
Added at 4:05pm
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BoC's Gov. Macklem: The duration of the current crisis is a big risk, the longer it goes the more painful it becomes.
— Breaking Market News (@financialjuice) June 16, 2020
Added at 4:06pm
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BoC's Gov. Macklem: I am more concerned about the risk of deflation.
— Breaking Market News (@financialjuice) June 16, 2020
Added at 4:10pm
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BOC’S MACKLEM: CORONAVIRUS PANDEMIC IS CAUSING THE MOST SEVERE RECESSION IN OUR LIFETIME
— First Squawk (@FirstSquawk) June 16, 2020
Added at 4:14pm
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BOC's Macklem:
— DailyFX Team Live (@DailyFXTeam) June 16, 2020
- B/S growth necessary for stabilization
- Not worried about balance sheet size, still at low level against peers
- BBG