August 25, 2020
Coronavirus disease (COVID-19)
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August 25, 2020
The gap between inflation perceptions and reality
Deputy Governor Lawrence Schembri talks about the difference between how Canadians perceive inflation and the actual measured rate, why this gap may exist, and what it could mean for monetary policy and the economy. -
August 25, 2020
Perceived inflation and reality: understanding the difference
In a virtual address to the Canadian Association for Business Economics, Deputy Governor Lawrence Schembri discusses the difference between how Canadians perceive inflation and the actual measured rate. He explains why that gap may exist and what it could mean for monetary policy and the economy. -
July 15, 2020
Monetary Policy Report Press Conference Opening Statement
Governor Tiff Macklem discusses key issues involved in the Governing Council’s deliberations about the policy rate decision and the MPR. -
COVID-19 and bond market liquidity: alert, isolation and recovery
The disruption due to COVID-19 reverberated through the bond markets in three phases. In the first phase, dealers met the rising demand for liquidity. In the second, dealers reduced the supply of liquidity, and trading conditions worsened significantly. Finally, the market returned to relative stability following several interventions by the Bank of Canada. -
Cash and COVID-19: The impact of the pandemic on demand for and use of cash
Consumer spending declined significantly during the recent COVID-19 pandemic. This negative shock likely reduced spending across all methods of payment (cash, debit, credit, etc.). The mix of payment methods consumers use could also be affected. We study how the pandemic has influenced the demand for and use of cash. We also offer insights into the use of other payment methods, such as debit and credit cards. -
June 30, 2020
Our COVID-19 response: Navigating diverse economic impacts
The pandemic and related measures to control the spread of the virus have deeply affected Canadians and the Canadian economy. The impacts have been different across sectors and regions. The economic recovery will also vary across the country as local economies start to reopen. -
June 29, 2020
Our COVID-19 response: Supporting operations
When the realities of the COVID-19 pandemic became clear, the Bank moved quickly to adapt its internal operations and support business continuity in our financial system. -
June 22, 2020
Targeting inflation during the pandemic
In his first speech, Governor Tiff Macklem explains how the Bank’s commitment to low, stable and predictable inflation has guided our actions during COVID-19. -
June 22, 2020
Monetary policy in the context of COVID-19
Governor Tiff Macklem talks about the conduct of monetary policy in the context of COVID-19.