Article content The Bank of Canada sees the potential for a pleasant surprise from savings-fuelled household spending, but also that monetary stimulus will continue to be required for some time as the economy gradually recovers from the COVID-19 pandemic and is reshaped somewhat in its wake. Bank of Canada Deputy Governor Lawrence Schembri on Thursday said that while many people have lost their jobs and taken hits to their finances during the pandemic, “forced and precautionary” savings have added up to an estimated $180 billion or so. We apologize, but this video has failed to load. Try refreshing your browser. Bank of Canada sees possible 'positive' spending surprise, but ongoing need for stimulus Back to video