Before going into the BOC meeting, we must address the coronavirus, and its impact on slowing down global activities and economic growth. Last week, we saw indices taking a large plunge. S&P 500 lost 16%, and it was the same story with the other major indices. The G7 and other central banks came forward to express support. In other words, they made a promise to print more money and make it available for the markets. This fresh stimulus package succeeded, and some indices clawed back a minor portion of last week’s losses. Central banks are also expected to keep interest rates lower for longer or indeed be more ... (full story)