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Macklem: Monetary policy in the context of COVID-19

From bankofcanada.ca

Good morning. I am very pleased to be with you for my first public event as Governor of the Bank of Canada. The COVID‑19 pandemic has upended many of our ways of doing things, including speaking in person to large groups. Fortunately, we can take advantage of technology so I can speak to every Canadian club and cercle canadien, and hear directly from your members right across the country. Thank you for the invitation. COVID‑19 is a human tragedy that has precipitated an economic catastrophe, the likes of which we have not experienced in our lifetimes. Entire sectors of the economy have been shuttered. More than 3 ... (full story)

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