Market Notices

• December 19, 2022

  Bank of Canada announces increases to the dealer and round limits for Overnight Repo operations

  Effective Monday, December 19, 2022, limits for Overnight Repo (OR) operations will increase to $1 billion for each eligible participant.

  Content Type(s): Press, Market notices Source(s): Overnight repo operations
• December 15, 2022

  CARR’s CORRA-first initiatives for derivatives to begin on January 9 - update

  The Canadian Alternative Reference Rate working group (CARR) has been laying the groundwork to ensure a smooth transition of financial products referencing the Canadian Dollar Offered Rate (CDOR).

  Content Type(s): Press, Market notices Source(s): Canadian Alternative Reference Rate Working Group
• November 18, 2022

  The Government of Canada announces the issuance of a Ukraine Sovereignty Bond

  To offer Canadians an opportunity to directly support Ukraine, the Government of Canada announced that it will issue a Ukraine Sovereignty Bond. The five-year, $500 million bond, denominated in Canadian dollars, will be issued in late November 2022.

  Content Type(s): Press, Market notices
• November 7, 2022

  GMF publishes a consultation paper on a proposed fee for failing to settle GoC securities

  The Government of Canada Market Functioning Steering Group (GMF) published a consultation paper and an FAQ document today on a proposed fee for failing to settle GoC bond and bill transactions.

  Content Type(s): Press, Market notices Source(s): Canadian Fixed-Income Forum
• November 3, 2022

  Summary of Comments – Fall 2022 Debt Management Strategy Consultations

  Today, the Fall 2022 Debt Management Strategy Consultations Summary is being published in conjunction with the release of the Government of Canada’s Economic and Fiscal Update 2022.

  Content Type(s): Press, Market notices
• November 1, 2022

  Government of Canada to Resume Cash Management Bond Buyback Program

  The Bank of Canada and the Department of Finance are announcing the resumption of the Government of Canada Cash Management Bond Buyback (CMBB) program.

  Content Type(s): Press, Market notices
• October 7, 2022

  CARR agrees to begin process of developing Term CORRA benchmark

  On May 16, 2022 CARR launched a public consultation on whether there was a need for a forward-looking Term CORRA benchmark to replace CDOR in certain types of loan facilities.

  Content Type(s): Press, Market notices Source(s): Canadian Alternative Reference Rate Working Group
• September 15, 2022

  Debt Management Strategy Consultations – 2023-24

  The Department of Finance and the Bank of Canada are seeking the views of government securities distributors, institutional investors, and other interested parties on issues related to the design and operation of the Government of Canada’s domestic debt program for 2023-24 and beyond.

  Content Type(s): Press, Market notices
• September 13, 2022

  Bank of Canada to delay bond auction in observance of federal Day of Mourning; will support key payment and settlement systems as well as financial markets

  In observance of the federal Day of Mourning to mark the death of Queen Elizabeth II, the Bank of Canada will postpone the auction of 10-year Government of Canada bonds that had been scheduled for Monday, September 19.

  Content Type(s): Press, Market notices Source(s): Government securities auctions, Overnight reverse repo operations, Securities Repo Operations
• August 3, 2022

  CARR publishes recommended fallback language for CDOR-based loans

  The Canadian Alternative Reference Rate working group (CARR) today published recommended fallback language for new and existing loan agreements where the interest rate benchmark is the Canadian Dollar Offered Rate (CDOR).

  Content Type(s): Press, Market notices Source(s): Canadian Alternative Reference Rate Working Group