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Gravelle: The Bank of Canada’s market liquidity programs: Lessons from a pandemic
Good afternoon. Thank you for inviting me to talk about some of the actions the Bank of Canada took at the outset of the COVID-19 pandemic to keep markets liquid and functioning. That’s what you’ve been promised, and it’s what I plan to do today. But I would be remiss in a speech about market liquidity if I didn’t speak first about recent turmoil in the banking system in the United States and overseas. So let me start with a few words from our perspective. In the United States, the collapse of Silicon Valley Bank and Signature Bank on the same weekend revealed how the combination of a large and concentrated ... (full story)
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BOC’S GRAVELLE: SUPPORT CANADIAN FINANCIAL SYSTEM IF MARKETS FACE SEVERE, WIDESPREAD STRESS ’ #BoC #Gravelle #Canada
— Mace News (@MaceNewsMacro) March 29, 2023
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BOC’S GRAVELLE: CANADA COULD STILL BE AFFECTED BY EVENTS ABROAD AS GLOBAL ECONOMY IS INTERCONNECTED ’ #BoC #Gravelle #Canada
— Mace News (@MaceNewsMacro) March 29, 2023
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BANK OF CANADA DEPUTY GOVERNOR GRAVELLE: CANADA’S FINANCIAL SYSTEM ‘WELL REGULATED AND SUPERVISED, WITH SOUND RISK MANAGEMENT’ #BoC #Gravelle #Canada
— Mace News (@MaceNewsMacro) March 29, 2023
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BOC’ GRAVELLE: IF FACED W/ANOTHER EXTREME EVENT THAT CAUSED SEVERE DYSFUNCTION IN GOC BOND MARKET, WE MAY RESORT TO LARGE-SCALE GOC BOND PURCHASES ’ #BoC #Gravelle #Canada
— Mace News (@MaceNewsMacro) March 29, 2023