Bank of Canada says it can deliver more monetary stimulus if needed By Reuters

© Reuters. FILE PHOTO: Bank of Canada Governor Stephen Poloz gives an economic progress report during a speech in Toronto

OTTAWA (Reuters) – The Bank of Canada has the ability to deliver more monetary stimulus if needed to meet its inflation target, Governor Stephen Poloz said on Tuesday in comments on the coronavirus crisis.

Poloz, speaking to the Senate’s finance committee, also reiterated the central bank was prepared to increase the size of special programs it has introduced to support the smooth functioning of financial markets.

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by : Reuters

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