June 18, 2020
Spending patterns in a pandemic
Deputy Governor Lawrence Schembri explains how household spending has changed because of COVID-19 and discusses why the Bank expects the recovery to have two phases.
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June 16, 2020
Opening Statement before the House of Commons Standing Committee on Finance
Introduction Good afternoon, Chair and committee members. It is an honour for me to appear before you as the 10th Governor of the Bank of Canada. I look forward to working with parliamentarians over the next seven years through regular appearances before committees of the House and Senate. These are an important part of the […]
Content Type(s):
Press,
Speeches and appearances,
Opening statements
Research Topic(s):
Bank notes,
Coronavirus disease (COVID-19),
Financial stability,
Monetary policy,
Recent economic and financial developments
June 15, 2020
Bank of Canada becomes administrator of Canadian Overnight Repo Rate Average
The Bank of Canada is now the administrator of the Canadian Overnight Repo Rate Average (CORRA) and will post today the first rate calculated using an improved methodology.
Content Type(s):
Press,
Press releases
Source(s):
Canadian Alternative Reference Rate Working Group
June 10, 2020
Our COVID-19 response: Keeping markets liquid
When the COVID-19 pandemic hit Canada, the Bank of Canada acted quickly. We needed to make sure the financial system worked well enough that credit could continue to flow. That meant addressing shortages of liquidity in financial markets—the backbone for lending and borrowing in the economy.
Content Type(s):
Publications,
The Economy, Plain and Simple
Research Topic(s):
Coronavirus disease (COVID-19)
June 4, 2020
Supporting markets during the crisis
Speaking a day after the Bank left the policy rate unchanged, Deputy Governor Toni Gravelle explains how efforts to keep financial markets functioning through the COVID-19 crisis will lay a solid foundation for economic recovery.
Content Type(s):
Press,
Speeches and appearances,
Speech summaries
Research Topic(s):
Coronavirus disease (COVID-19),
Financial markets,
Financial stability,
Monetary policy,
Recent economic and financial developments