For a moment this week, Stephen Poloz, Bank of Canada Governor, sounded like he was ready to take a pause from his frenetic efforts to prevent a recession. Nope. “I was being very careful not to rule out actions at any time,” Poloz said on March 18. “There is nothing scripted about the bank’s posture.”
If Poloz’s peers are any guide, Canadian borrowers should expect more stimulus.
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