COVID-19: Key announcements

Access the latest news on the Bank’s actions to support the economy and financial system during the COVID‑19 pandemic.

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Monetary policy

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Support to key financial markets

December 18, 2020

Operational details for upcoming secondary market purchases of Government of Canada securities (January 4-15)

As previously announced, the Bank of Canada (the Bank) launched on April 1, 2020 a program to purchase Government of Canada securities in the secondary market – the Government Bond Purchase Program (GBPP). The GBPP operations for the two-week period beginning January 4, 2021 are announced below.

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Liquidity for individual financial institutions

November 9, 2020

Bank of Canada announces amendments to targeted facilities and programs that support liquidity and short-term funding markets

Reflecting the continued improvement in the functioning of short-term funding markets and financial markets more generally, the Bank of Canada (the Bank) is announcing amendments to the Provincial Money Market Purchase (PMMP) program and to the amount of Government of Canada treasury bills acquired at auction.
August 10, 2020

Changes to the Bank of Canada’s Standing Liquidity Facility Policy Regarding the use of Non-Mortgage Loan Portfolio as Collateral

Given the continued improvement in short-term funding conditions, the Bank of Canada (Bank) is announcing that the Bank’s temporary measure of allowing Large Value Transfer System (LVTS) participants to pledge 100 per cent of their total collateral using their non-mortgage loan portfolio (NMLP) for the LVTS and Standing Liquidity Facility (SLF) will be gradually reduced back to the regular level of 20 per cent of each participant's total pledged collateral.
Content Type(s): Press, Market notices Source(s): Standing Liquidity Facility

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International co-operation

March 24, 2020

Statement of G7 Finance Ministers and Central Bank Governors

Consistent with the direction from G7 Leaders, we are taking action and enhancing coordination on our dynamic domestic and international policy efforts to respond to the global health, economic, and financial impacts associated with the spread of the coronavirus disease 2019 (COVID-19).
Content Type(s): Press, Announcements

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Speeches and statements

December 10, 2020

Our quantitative easing operations: looking under the hood

Remarks (delivered virtually) Paul Beaudry Greater Moncton Chamber of Commerce, the Fredericton Chamber of Commerce, and the Saint John Region Chamber of Commerce Fredericton, New Brunswick, Moncton, New Brunswick, Saint John, New Brunswick
Deputy Governor Paul Beaudry talks about the Bank’s latest interest rate announcement and discusses how quantitative easing supports economic recovery and the 2% inflation target.
November 23, 2020

Financial stability and the COVID-19 pandemic

Remarks (delivered virtually) Toni Gravelle Autorité des marchés financiers Montréal, Quebec
Deputy Governor Toni Gravelle provides an assessment of risks to the stability of the Canadian financial system, including risks stemming from the COVID-19 pandemic.