The response came after sharp drops Thursday on North American stock markets
Downside risks to the economy outweighed the risk of increasing household debt
The BoC cut came in response to the coronavirus
The central bank called Covid-19 "a material negative shock'' to the country's economic outlook
Markets are expecting the Bank of Canada to act starting with a rate decision on Wednesday
There are still many steps to go through before the central bank can issue a digital offering
Undead firms undermine growth but aren't a systemic risk
The CIO from Payments Canada will head a BIS innovation hub in Singapore
The central bank will start publishing the interest rate benchmark in June
The central bank forecasts 1.6% growth this year