In Canada, COVID-19 pandemic triggered exceptional monetary policy interventions by the central bank, which in March … 2020 made multiple unscheduled cuts to its target rate. In this paper we assess the extent to which Bank of Canada … changed after target rate cuts. Bank of Canada was effective in lowering the whole yield curve and correcting the inverted …

yields in Canada, after controlling for other important financial variables. The statistical analysis uses high … that the actions of the Bank of Canada are key drivers of Canadian government securities yields in the long run, which … of Canada's actions can have a decisive effect on the long-term interest rate over the long horizon. …

dynamics of the neutral rate in Canada from 1980 to 2018. We find that changes in both foreign and domestic factors resulted in …