COVID-19: Bank of Canada Updates Monetary Policy in Unscheduled Announcement
On Friday, March 27, 2020, the Bank of Canada issued an unscheduled announcement, updating monetary policy and revealing new initiatives to defend Canadian households. Those announcements include, but aren’t limited to: Lowering the overnight target rate by 0.5 per centage points to 0.25 per cent; A quantitative easing program with the purchase of a minimum […]