July 7, 2020
About 30 million financial transactions take place in Canada daily. Ranging in size from a few cents to billions of dollars, they add up to more than $210 billion—each day, every day. That’s a lot of traffic on our payment grid.
July 3, 2020
When the realities of the COVID-19 pandemic became clear, the Bank moved quickly to adapt its internal operations and support business continuity in our financial system. Solid foundation The Bank …
Continue reading “BOC: Our COVID-19 response: Supporting operations”
June 19, 2020
Bank expects recovery to have two phases, with an initial bounceback from reopening giving way to a recuperation period of gradual and bumpy growth.
June 18, 2020
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 …
June 16, 2020
When the COVID-19 pandemic hit Canada, the Bank acted quickly. We needed to make sure the financial system worked well enough that credit could continue to flow. That meant addressing …
June 6, 2020
The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent. The Bank Rate is correspondingly ½ percent and the deposit …
May 31, 2020
During this time of heightened public health measures intended to limit the transmission of COVID-19, some consumers and businesses are choosing not to use cash to limit potential exposure. The …
Continue reading “Update: Bank of Canada asks retailers to continue accepting cash”
May 28, 2020
Good afternoon, Mr. Chairman and committee members. Senior Deputy Governor Wilkins and I welcome the opportunity to appear before you to discuss the Bank of Canada’s actions in response to …
Continue reading “Bank of Canada: Opening Statement before the Senate National Finance Committee”
May 24, 2020
Good afternoon. It is a pleasure to speak to you in these extraordinary times. Normally, the members of our Governing Council like to visit Canadians in their communities so that …
Continue reading “Bank of Canada: Policies for the Great Global Shutdown and Beyond”
