But we knew from the outset that paralysis was not an option: now is not the time for precision, but decision. To be sure, fiscal policy must do a lot of the heavy lifting, and the Canadian government has taken decisive steps. That’s appropriate: elected representatives are the ones to make those decisions. Fiscal measures can target sectors and groups most affected by crisis.
At the same time, monetary policy works in an independent and complementary way by influencing financing conditions for the whole economy,  - 11 and generally tries to be neutral in its impact. As such, the Bank of Canada will do our part to help Canadians get through this period and build the foundation needed to steer the economy back on track.