Posts

• March 18, 2020

  Operational details for the upcoming Expansion of the Bank of Canada’s Bond Buyback Program

  Consistent with the announcement that the Bank of Canada (the Bank), acting as fiscal agent, will extend its buybacks across all benchmark maturity sectors, The Bank is announcing today the following operations for this week and next week

  Content Type(s): Press, Market notices
• March 17, 2020

  Operational details on the Bank of Canada’s Bankers' Acceptance Purchase Facility

  As previously announced, the Bank of Canada (Bank) will conduct secondary market purchases of 1-month Bankers’ Acceptances issued and guaranteed by any Canadian bank and of sufficiently high quality, broadly equivalent to a minimum short-term credit rating of R-1 (low), under the Bankers’ Acceptance Purchase Facility (BAPF).

  Content Type(s): Press, Market notices Source(s): Bankers’ Acceptance Purchase Facility
• March 17, 2020

  Results of today’s Canada Mortgage Bond purchase operation

  Today the Bank of Canada purchased $ 46,000,000 of Canada Mortgage Bonds in the secondary market through a competitive tender process.

  Content Type(s): Press, Market notices Source(s): Canada Mortgage Bond Purchase Program
• March 17, 2020

  Summary of Deliberations of Governing Council, March 13, 2020

  Governing Council’s decision to cut interest rates on Friday, 13 March, 2020 took place under unique circumstances. As such, Governing Council is offering this statement of its reasoning from the decision of March 13.

  Content Type(s): Press, Press releases
• March 16, 2020

  Operational details for the Bank of Canada’s purchase of Canada Mortgage Bonds (CMBs) in the secondary market

  Consistent with the announcement that the Bank stands ready, as a proactive measure, to provide support to the Canada Mortgage Bond (CMB) market, the Bank will purchase CMBs in the secondary market through a competitive tender process.

  Content Type(s): Press, Market notices Source(s): Canada Mortgage Bond Purchase Program
• March 16, 2020

  Temporary Changes to the Bank of Canada’s Standing Liquidity Facility (SLF) Collateral Policy Regarding the Non-Mortgage Loan Portfolio (NMLP) and Settlement Balances

  Under its Standing Liquidity Facility (SLF), the Bank of Canada is prepared to provide liquidity on a daily basis to financial institutions that participate directly in the payments systems operated by Payments Canada. Loans made by the Bank of Canada must be fully collateralized.

  Content Type(s): Press, Market notices Source(s): Standing Liquidity Facility
• March 16, 2020

  New Bank of Canada Measures to Support Key Funding Markets

  The Bank of Canada is committed to supporting the efficient and continuous functioning of financial markets during the current period of uncertainty in which conditions are evolving rapidly.

  Content Type(s): Press, Market notices Source(s): Standing Liquidity Facility
• March 15, 2020

  Coordinated Central Bank Action to Enhance the Provision of Global U.S. Dollar Liquidity

  The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank are today announcing a coordinated action to enhance the provision of liquidity via the standing U.S. dollar liquidity swap line arrangements.

  Content Type(s): Press, Press releases
• March 13, 2020

  Canada outlines measures to support the economy and the financial sector

  Today, Minister of Finance Bill Morneau, Governor of the Bank of Canada Stephen Poloz, and Superintendent of Financial Institutions Jeremy Rudin outlined a coordinated package of measures being taken by financial sector partners to support the functioning of markets and continued access to financing for Canadian businesses.

  Content Type(s): Press, Press releases
• March 13, 2020

  Bank of Canada lowers overnight rate target to ¾ percent

  Media Relations Ottawa, Ontario

  The Bank of Canada today lowered its target for the overnight rate by 50 basis points to ¾ percent, effective Monday, March 16, 2020. The Bank Rate is correspondingly 1 percent and the deposit rate is ½ percent. This unscheduled rate decision is a proactive measure taken in light of the negative shocks to Canada’s economy arising from the COVID-19 pandemic and the recent sharp drop in oil prices.

  Content Type(s): Press, Press releases