Canadian FinMin Morneau: Preparing a significant stimulus program to be released next week

Dhwani Mehta FXStreet

In a coordinated move on Friday, Bank of Canada (BOC) Governor Poloz and Canadian Finance Minister Morneau announced a monetary and a partial stimulus package to tackle the coronavirus crisis.

FinMin Morneau is out with the additional details, noted below.

Preparing a significant stimulus program to be released next week.

Lowering domestic liquidity buffer to 1.25% from 2.50% and says won't rise for at least 18 months.

BOC delivers a surprise rate cut by 50bps, USD/CAD bounces

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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