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Canada: Chronology of response to coronavirus – NBF

Economists at the National  Bank of Canada have compiled a comprehensive timeline of policy responses from the Government of Canada, Bank of Canada and other Canadian regulatory institutions. 

Key quotes

“On Wednesday, March 4, 2020 o At its regularly scheduled monetary policy meeting, the Bank of Canada lowered its target for the overnight rate by 50 basis points to 1.25%.”

“On Wednesday, March 11, 2020 o Prime Minister Justin Trudeau announced a $1 bln fiscal package to help with the fight against COVID-19.”

“On Friday, March 13, 2020 o For the second time in nine days, the Bank of Canada lowered its target for the overnight rate by another 50 basis points to 0.75%.”

“On Monday, March 16, 2020 o The Bank announced that it will broaden eligible collateral for its term repo facility to include the full range of collateral eligible under the Standing Liquidity Facility.”

 

United States NAHB Housing Market Index below expectations (73) in March: Actual (72)

United States NAHB Housing Market Index below expectations (73) in March: Actual (72)
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