BOC Beaudry: Could cut rates further without going negative

BIC Deputy Gov. Beaudry
– could cut rates further without going into negative territory if economy went into persistent downturn
– other options to combat major downturn include expanding its QE program or using yield curve targeting
The USDCAD has bounced above the 1.2725 level which was the low going back to April 2018. Drilling to the 5 minutes chart, the