Remarks by Toni Gravelle Deputy Governor of the Bank of Canada CFA Society Toronto March 23, 2021 Toronto, Ontario (via webcast)  Market stress relief: the role of the Bank of Canada’s balance sheet Introduction Good afternoon. I always enjoy engaging with CFA charterholders, even virtually.1 It’s hard to believe we’ve been dealing with COVID-19 for as long as we have.
The past year has had a profound impact on people’s lives, both in terms of their health and their economic and financial well-being. Canadians count on the Bank of Canada to make sure that the financial system works smoothly, especially in tough times when they depend on credit more than usual.