The Bank of Canada's (BoC) forecast is that Canadians will have widespread COVID-19 immunity by the end of the year, BoC Governor Tiff Macklem said on Tuesday, as reported by Reuters.
"Getting vaccines into Canadians is the top priority, some delays are inevitable."
"News of new variants is worrisome."
"Government measures to address pandemic were necessary."
"It will be important over time to reestablish a sustainable fiscal policy."
"May be a need for some new targeted programs to address the COVID-19 crisis."
"We are starting to see some early signs of excess exuberance in the housing market."
"We are still a long way from where we were in 2016 and 2017 as regards the housing market."
These comments had little to no impact on the USD/CAD pair, which was last seen trading virtually unchanged on the day at 1.2606.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.