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

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Liquidity for individual financial institutions

March 23, 2021

Bank of Canada announces the discontinuation of market functioning programs introduced during COVID-19

As overall financial market conditions continue to improve in Canada, use of the Bank of Canada’s programs that were introduced in 2020 in response to the shock from COVID-19 to support the functioning of key Canadian financial markets, has declined significantly.
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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

November 23, 2021

Financial stability through the pandemic and beyond

Remarks (delivered virtually) Paul Beaudry OSC Dialogue, Ontario Securities Commission Toronto, Ontario
Deputy Governor Paul Beaudry provides an update on financial vulnerabilities and risks in Canada, including those stemming from the COVID-19 pandemic.
November 16, 2021

Labour market uncertainties and monetary policy

Remarks (delivered virtually) Lawrence L. Schembri Canadian Association for Business Economics Toronto, Ontario
Deputy Governor Lawrence Schembri talks about changes to the labour market, and how the pandemic affected Canadian workers. He also discusses how the Bank is adapting labour market analysis tools to help guide monetary policy decisions that will support a more inclusive recovery.
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