The 10 Minute Take - Canada's Two Fisted Punch

Mar 30, 2020 | Brian Moore


“The 10-Minute Take” is a new podcast series dedicated to providing insights from RBC economists and market experts on events unfolding around the globe.

The 10 Minute Take Podcast

Canada struck back with a two-fisted punch to send monetary and fiscal confidence to the economy. The Bank of Canada not only cut rates; it embraced quantitative easing, to buy bonds and other financial assets from governments that will be borrowing a lot more money. For its part, the federal government came out with Phase 2 of its stimulus package, to help small- and medium-sized businesses stay open and keep their workers on payroll. Will it be enough to prevent a major recession? RBC’s Chief Economist Craig Wright explains.


Click here for the full podcast; The 10 Minute Take.