Infographic 1
COVID-19 response: Key economic events in March

Infographic description

The title of the infographic is "COVID-19 response: Key economic events in March"

This is a timeline of key economic events in March.

March 4: Bank of Canada lowers the overnight interest rate from 1.75% to 1.25%

March 9: Government of Canada advises Canadians to avoid travel on cruise ships

March 11: COVID-19 is declared a pandemic by the World Health Organization

March 13: Government of Canada advises Canadians to avoid non-essential travel abroad

March 13: Coordinated federal economic response package announced

March 14 – March 22: On March 14, Quebec declares a state of public health emergency. By March 22, all provinces have followed suit.

March 16: Bank of Canada lowers the overnight interest rate from 1.25% to 0.75%

March 16: Government restricts entry to foreigners (except for citizens of the United States) and limits international flights

March 16 – April 1: On March 16, Prince Edward Island closes non-essential businesses. By April 1, all provinces and territories have closed restaurants, bars and night clubs as well as non-essential businesses.

March 19: Canada-US border closes to non-essential travel

March 27: Bank of Canada lowers the overnight interest rate from 0.75% to 0.25%