March 31, 2021
Press
-
-
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. -
March 23, 2021
Supporting markets in tough times
Deputy Governor Toni Gravelle talks about actions the Bank of Canada took to make sure financial markets could work smoothly during the COVID-19 pandemic. He also discusses the Bank’s plans to discontinue some programs. -
March 23, 2021
Market stress relief: The role of the Bank of Canada’s balance sheet
Deputy Governor Toni Gravelle discusses actions taken by the Bank of Canada to respond to market-wide stresses during the COVID-19 pandemic and the Bank’s role as lender of last resort in the financial system. -
March 22, 2021
Operational details for upcoming secondary market purchases of Government of Canada securities (March 29-April 9)
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). -
March 15, 2021
Bank of Canada announces the recipients of the 2021 Fellowship Program Awards
Learn about the recipients of the Fellowship and Governor’s Awards for 2021. -
March 12, 2021
Bank of Canada announces changes to securities repo operations
In line with its objectives to support core funding markets and to foster the well-functioning of the Government of Canada securities market, the Bank of Canada is announcing changes to securities repo operations (SROs). -
March 11, 2021
COVID-19, savings and household spending
Deputy Governor Lawrence Schembri talks about the Bank’s latest interest rate announcement and discusses how COVID-19 has affected savings and the outlook household spending. -
March 11, 2021
Household consumption in a pandemic
Deputy Governor Lawrence Schembri talks about how COVID-19 has affected household saving and spending patterns and discusses the Bank’s decision yesterday to leave the policy rate unchanged. -
March 10, 2021
Bank of Canada will hold current level of policy rate until inflation objective is sustainably achieved, continues quantitative easing
The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The Bank is maintaining its extraordinary forward guidance, reinforced and supplemented by its quantitative easing (QE) program, which continues at its current pace of at least $4 billion per week.