Financial System Review - Press Conference (Webcasts) - May 2020
Press conference by Governor Stephen S. Poloz and Senior Deputy Governor Carolyn A. Wilkins. (10:30 (ET) approx.).
This issue of the Financial System Review focuses on the impact of COVID 19. The pandemic presents an unprecedented shock to the Canadian economy. This report identifies the effects on the Canadian financial system and explains how recent actions by the Bank and other policy-makers are helping to manage them. It further describes how a resilient financial system can help households and businesses smooth the effects of the COVID-19 shock and prepare for a robust recovery.