The Bank of Canada has reduced its target overnight rate to 3.25% in a move to support economic growth amid softer-than-expected indicators. This blog post delves into the reasons behind the rate cut, including global economic trends, domestic GDP performance, and evolving inflation dynamics. Learn about the impact of new policy measures, such as the GST holiday and immigration adjustments, and explore how these factors shape the economic outlook for Canadians. Stay informed about the Bank’s commitment to maintaining price stability and what this means for households, businesses, and investors in the months ahead.

Ontario is planning for the next phase of responding to the coronavirus (COVID‑19) outbreak – reopening our province.

As a first step, we have developed a framework to guide our approach. This framework outlines the method and principles we will use to reopen businesses, services, and public spaces to responsibly lead Ontario’s economy back to a strong position.

The Ontario Jobs and Recovery Committee is a key part of applying this framework. The committee will consult with people and businesses to assess the economic impacts of COVID‑19, learn about their unique needs, and help guide Ontario to our “new normal.”