CERB-like mechanism could help country respond to future economic shocks: Poloz

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CERB-like mechanism could help country respond to future economic shocks: Poloz
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Bank of Canada governor says such a program would help because the central bank will likely have less policy room to manoeuvre when the next shock rolls around

OTTAWA — Canada’s top central banker says adding an income-support measure like the Canada Emergency Response Benefit to the government’s tool kit could help the country more quickly respond to sudden shifts in the economy.

Bank of Canada governor Stephen Poloz says a program like it would help because the central bank will likely have less policy room to manoeuvre when the next shock rolls around.

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