CA BOC Gov Poloz Speaks
As head of the central bank, which controls short term interest rates, he has more influence over the nation's currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy;
BOC Governor Jun 2013 - Jun 2020. Volatility is sometimes experienced during his speeches as traders attempt to decipher interest rate clues;
- History
Expected Impact / Date | Description |
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May 26, 2020 | Due to testify, along with Senior Deputy Governor Carolyn Wilkins, before the Senate Committee on National Finance, via satellite; |
May 25, 2020 | Due to deliver the University of Alberta Eric J. Hanson Memorial Lecture in Edmonton, via satellite. Audience questions expected; |
May 14, 2020 | Due to hold a press conference about the Financial System Review, via satellite; |
May 1, 2020 | Due to hold a press conference about appointment of the next Bank of Canada Governor, in Ottawa; |
Apr 30, 2020 | Due to deliver a speech titled "Teachable Moments from the Pandemic" at the Ivey Business School, via satellite; |
Apr 16, 2020 | Due to testify, along with Senior Deputy Governor Carolyn Wilkins, before the House of Commons Standing Committee on Finance, via satellite; |
Mar 27, 2020 | Due to hold a press conference, in Ottawa; |
Mar 18, 2020 | Due to hold a press conference in Ottawa; |
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- CA BOC Gov Poloz Speaks News
- From bankofcanada.ca|May 26, 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 the coronavirus pandemic. Since the pandemic began, the Bank has had two goals in mind. In the short term, we have been working to help Canadian households and businesses bridge the crisis period. Our longer-term goal is to provide a strong foundation for economic recovery. Both of these goals require a well-functioning financial system to ensure ...
- From bnnbloomberg.ca|May 25, 2020
Canada’s economy will continue to require significant amounts of stimulus in the rebuilding phase, even with the potential for higher debt levels to fuel financial vulnerabilities, according to the outgoing head of the country’s central bank. Bank of Canada Governor Stephen Poloz, in his final speech before stepping down next week, said the deflationary risks associated with the pandemic and lockdowns are more concerning than the potential build up of inflationary pressures and vulnerabilities due to the extraordinary measures taken ...
- From bankofcanada.ca|May 25, 2020
It is an honour for me to deliver the Eric J. Hanson Memorial Lecture for 2020. I want to thank the University of Alberta for the invitation and for your flexibility and perseverance in these difficult and unusual times. Eric Hanson was a great economist and Albertan whose pioneering work on public finance helped define the Canada we know today. The lecture series established in his memory has seen contributions from some very important names in Canadian economics and public policy, such as Thomas Kierans, Judith Maxwell and Kevin ...
- From reuters.com|May 14, 2020|2 comments
The Bank of Canada said on Thursday that the measures it has taken to help stabilize financial markets during the coronavirus pandemic appear to be working and predicted the economic recovery could be robust. The central bank did however express concern over vulnerabilities in the energy sector, which is suffering from waning demand and low prices. The bank cut its key overnight interest rate three times in March to 0.25% and launched its first ever large-scale bond-buying program. The bank reiterated it could adjust the scale of the ...
- From bankofcanada.ca|May 14, 2020
Press conference by Governor Stephen S. Poloz and Senior Deputy Governor Carolyn A. Wilkins. (10:30 (ET) approx.).
- From bankofcanada.ca|May 14, 2020
This issue of the Financial System Review focuses on the impact of COVID 19. The pandemic presents an unprecedented shock to the Canadian economy. This report identifies the effects on the Canadian financial system and explains how recent actions by the Bank and other policy-makers are helping to manage them. It further describes how a resilient financial system can help households and businesses smooth the effects of the COVID-19 shock and prepare for a robust recovery. post at 10:34am: BOC'S GOV. POLOZ: THE BANK WILL CONTINUE TO DO WHAT IS NECESSARY TO KEEP CORE FINANCIAL MARKETS WORKING. post at 10:41am: BOC'S GOV. POLOZ REITERATES THAT THE BANK'S BEST CASE CORONAVIRUS SCENARIO REMAINS WITHIN REACH. post at 10:41am: BOC'S GOV. POLOZ: IF THERE WERE TO BE A SECOND WAVE OF ECONOMIC FALLOUT WE WOULD NEED ANOTHER SCENARIO.
- From bankofcanada.ca|May 14, 2020
COVID‑19 is an unprecedented shock for the Canadian economy. Households, businesses and governments need a well-functioning financial system to manage the effects of the pandemic and support a robust recovery. In this Financial System Review, we identify the effects on financial stability and explain how recent actions by the Bank of Canada and other policy-makers help Canadians through a very challenging time. COVID‑19 is a severe health threat, and the necessary measures taken to contain its spread have cut economic activity. Canada is also grappling with the plunge in global oil prices, which hit while many businesses in the energy sector were still recovering from the 2014–16 oil price shock. Early on, uncertainty about just how bad things could get created shock waves in financial markets, leading to a widespread flight to cash and difficulty selling assets. Policy actions are working to: restore market functioning ensure that financial institutions have adequate liquidity give Canadian households and businesses access to the credit they need post at 10:00am: BOC: OUR MEASURES TO ADDRESS PROBLEMS WITH MARKET FUNCTIONING AND CONFIDENCE SHOWED SIGNS OF SUCCEEDING. post at 10:00am: BOC: FOLLOWING COVID-19 SHOCK, RISKIER FIRMS ARE FINDING IT DIFFICULT TO ACCESS MORE FRAGILE MARKETS, SUCH AS THE US LEVERAGED LOANS MARKET. post at 10:05am: BOC: THE LONGER THE INCOME SHOCK LASTS, THE GREATER THE RISK OF A RISE IN CONSUMER INSOLVENCIES. WHAT STARTED AS A CASH FLOW PROBLEM COULD DEVELOP INTO A SOLVENCY ISSUE FOR SOME BUSINESSES. post at 10:04am: BOC: THE FINANCIAL SYSTEM REMAINS RESILIENT BUT THE OUTLOOK FOR CANADIAN ECONOMIC ACTIVITY IS HIGHLY UNCERTAIN. CANADA'S SIX LARGEST COMMERCIAL BANKS ARE IN A GOOD POSITION TO MANAGE THE CONSEQUENCES.
- From @CableFxm|May 1, 2020|4 comments
post at 10:03am: UPCOMING BOC'S GOV. MACKLEM: THERE ARE DISRUPTIVE EFFECTS FROM NEGATIVE INTEREST RATES, WE ARE COMFORTABLE WITH LOWER BOUND OF RATES AT 0.25%. $CAD post at 10:11am: MACKLEM SAYS SITUATION CALLS FOR UNPRECEDENTED RESPONSE post at 10:06am: NEGATIVE RATES IS AMONG TOOLS AT BOC, MACKLEM SAYS post at 10:16am: UPCOMING BOC'S GOV. MACKLEM: THERE WILL NOT BE SNAP BACK TO NORMAL FROM CORONAVIRUS ECONOMIC CRISIS. post at 10:16am: UPCOMING BOC'S GOV. MACKLEM: THE MESSAGE TO CANADIANS IS THAT THE CENTRAL BANK WILL PROVIDE ESSENTIAL LIQUIDITY TO THE SYSTEM, WILL KEEP CREDIT FLOWING.
Released on May 26, 2020 |
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Released on May 25, 2020 |
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Released on May 14, 2020 |
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Released on May 1, 2020 |
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