April 30, 2020
Teachable Moments from the Pandemic
Governor Stephen S. Poloz talks about the Bank of Canada’s response to the COVID-19 pandemic.
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April 16, 2020
Opening Statement before the House of Commons Standing Committee on Finance
Good afternoon, Mr. Chairman and committee members. Senior Deputy Governor Wilkins and I welcome the opportunity to appear before you to discuss the Bank’s policy actions in response to the coronavirus pandemic, as well as our Monetary Policy Report (MPR), which we published yesterday. The Canadian economy is experiencing a significant and rapid contraction. The […]
April 15, 2020
Monetary Policy Report Press Conference Opening Statement
Governor Stephen S. Poloz discusses key issues involved in the Governing Council’s deliberations about the policy rate decision and the MPR.
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Coronavirus disease (COVID-19)
April 15, 2020
Bank of Canada maintains overnight rate target and unveils new market operations
The Bank of Canada today maintained its target for the overnight rate at ¼ percent, which the Bank considers its effective lower bound. The Bank Rate is correspondingly ½ percent and the deposit rate is ¼ percent. The Bank also announced new measures to provide additional support to Canada’s financial system.
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April 15, 2020
Monetary Policy Report – April 2020
Canada’s economy faces two significant shocks—the plunge in global oil prices and the impact of the COVID-19 pandemic.
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Monetary Policy Report