And banks faced significantly higher draws on business lines of credit, as corporate clients drew on them as a precaution to the economy shutting down. 2 See J.-S. Fontaine, C. Garriott, J. Johal, J. Lee and A. Uthemann, “COVID-19 Crisis: Lessons  Learned for Future Policy Research,” Bank of Canada Staff Discussion Paper No. 2021-2 (February 2021).
-3Category/Catégorie: Protected B/Protégé B  We intervened aggressively across a range of markets, launching 10 liquidity facilities and asset purchase programs—9 of which were new to us. And we did so in the span of about a month. We have recently reviewed the effectiveness of the programs we rolled out. In fact, we’ve just published a paper with our findings, with another forthcoming.