Tag: Actions

Decisive actions in difficult times

The Bank acted swiftly to support households and companies In times of crisis, when incomes drop, people and businesses need access to credit to get them through. When the economy shut down in March, markets seized up and we saw a lack of cash—or liquidity—in the system. The Bank stepped in to keep markets functioning…

COVID-19: Actions to Support the Economy and Financial System

Support to key financial markets We are intervening to support key financial markets to ensure they continue to function properly. These interventions include an expanded buyback program for Government of Canada bonds and expanded purchases of Canada Mortgage Bonds (CMBs). In times of market turmoil, financial institutions may be reluctant to act in their normal…

Uncertainty can affect monetary policy actions, says Senior Deputy Governor Wilkins

Uncertainty is an important consideration for monetary policy decisions and, depending on the circumstances, it can prompt central banks to be more, or less, aggressive, Senior Deputy Governor Carolyn A. Wilkins told the Money Marketeers of New York University in a speech today. “Central bankers have well-established methods to deal with uncertainty in the…