News

• April 30, 2020

  Teachable Moments from the Pandemic

  Remarks (delivered virtually) Stephen S. Poloz Ivey Business School London, Ontario

  Governor Stephen S. Poloz talks about the Bank of Canada’s response to the COVID-19 pandemic.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Coronavirus disease (COVID-19), Financial stability, Monetary policy, Recent economic and financial developments
• April 16, 2020

  Opening Statement before the House of Commons Standing Committee on Finance

  Opening statement Stephen S. Poloz House of Commons Standing Committee on Finance Ottawa, Ontario

  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 […]

  Content Type(s): Press, Speeches and appearances, Opening statements Topic(s): Coronavirus disease (COVID-19), Inflation and prices, Monetary policy, Monetary policy transmission, Recent economic and financial developments
• April 15, 2020

  Monetary Policy Report Press Conference Opening Statement

  Opening statement Stephen S. Poloz Ottawa, Ontario

  Governor Stephen S. Poloz discusses key issues involved in the Governing Council’s deliberations about the policy rate decision and the MPR.

  Content Type(s): Press, Speeches and appearances, Opening statements Topic(s): Coronavirus disease (COVID-19)
• April 15, 2020

  Bank of Canada maintains overnight rate target and unveils new market operations

  Media Relations Ottawa, Ontario

  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.

  Content Type(s): Press, Press releases
• 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.

  Content Type(s): Publications, Monetary Policy Report
• April 6, 2020

  Business Outlook Survey—Spring 2020

  Results from the spring Business Outlook Survey suggest that business sentiment had softened in most regions even before concerns around COVID‑19 intensified in Canada. Confidence deteriorated the most among firms in energy-producing regions.

  Content Type(s): Publications, Business Outlook Survey
• April 6, 2020

  Canadian Survey of Consumer Expectations—First Quarter of 2020

  The Canadian Survey of Consumer Expectations (CSCE) focuses on respondents’ views on inflation, the labour market and household finances. The survey for the first quarter of 2020 was conducted between January 29 and February 19, 2020. Results were therefore obtained before COVID‑19 became a major concern for Canadians and affected their outlook. This is the second quarterly publication of the results of the CSCE. Data collection began in the fourth quarter of 2014.

  Content Type(s): Publications, Canadian Survey of Consumer Expectations
• March 31, 2020

  Bank of Canada welcomes use of new liquidity facility by financial institutions

  The Bank of Canada today welcomed the move by a number of Canadian banks, including the six largest, to draw on its new Standing Term Liquidity Facility (STLF).

  Content Type(s): Press, Press releases Source(s): Standing Term Liquidity Facility
• March 30, 2020

  Bank of Canada announces successful launch of Standing Term Liquidity Facility

  The Bank of Canada announced today that it successfully launched its new Standing Term Liquidity Facility (STLF).

  Content Type(s): Press, Press releases Source(s): Standing Term Liquidity Facility
• March 27, 2020

  Press Conference Opening Statement – March 27, 2020

  Opening statement Stephen S. Poloz Ottawa, Ontario

  This unscheduled rate decision brings the policy rate to its effective lower bound, to provide support to the Canadian financial system and to the economy during the COVID-19 pandemic.

  Content Type(s): Press, Speeches and appearances, Opening statements Topic(s): Coronavirus disease (COVID-19)