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BRIEF-Bank Of Canada Governor Stephen Poloz, in interview with CTV News, says comparing coronavirus outbreak impact as similar to the Great Depression is misleading

Published 2020-04-15, 12:12 p/m

April 15 (Reuters) - BANK OF CANADA'S GOVERNOR STEPHEN POLOZ, IN INTERVIEW WITH CTV NEWS, SAYS:

* COMPARING CORONAVIRUS OUTBREAK IMPACT AS SIMILAR TO THE GREAT DEPRESSION IS MISLEADING

* HE WANTS TO DISCOURAGE MERCHANTS FROM NOT ACCEPTING CASH, SAYS THERE AREN'T MORE GERMS ON CASH THAN OTHER SURFACES

* ADDS MANY CANADIANS STILL RELY ON USING CASH

* RECESSION IS SUBSTANTIALLY BEHAVIORAL; CURRENT SITUATION WHERE ECONOMY HAS STOPPED IS NOT COMPARABLE TO A RECESSION OR DEPRESSION

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