September 24, 2024
Bank of Canada launches Securities Lending Program as replacement to Securities Repo Operations
The Bank of Canada will launch its Securities Lending Program (SLP) on 2 October 2024.
Market Notices
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September 10, 2024
Government of Canada Debt Distribution Framework Review Consultations
A consultation document pertaining to the design of the Government of Canada debt distribution framework, prepared jointly by the Department of Finance and the Bank of Canada, is being made public today. -
September 10, 2024
Debt Management Strategy Consultations – 2025-26
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 2025-26 and beyond. -
July 22, 2024
CFEC Releases Results of April 2024 Foreign Exchange Volume Survey
The Canadian Foreign Exchange Committee (CFEC) released today the results of its April 2024 semi-annual survey of foreign exchange volumes in Canada. -
July 12, 2024
Bank of Canada announces increases to the dealer and round limits for Overnight Repo operations
Effective Monday, July 15, 2024, dealer limits for Overnight Repo (OR) operations will increase to $3 billion for each eligible participant from the previous $1 billion. -
June 26, 2024
CFIF-BATVN publishes an educational primer on Canadian Asset-Backed Commercial Paper
Canadian money markets are undergoing a significant change due to the disappearance of Bankers Acceptances (BAs). BAs will no longer be issued by the major Canadian banks after the cessation of the Canadian Dollar Offered Rate’s (CDOR) publication on June 28, 2024. -
June 11, 2024
Changes to Assets Eligible as Collateral under the Bank of Canada’s Standing Liquidity Facility
The Bank of Canada is announcing the addition of Secured General Collateral Notes (SGC Notes) as eligible collateral under its Standing Liquidity Facility (SLF), with the intent to support the development of this new market. -
June 10, 2024
CARR provides guidance for CDOR-based loans, derivatives and securities that do not have a robust fallback in place for CDOR’s cessation post June 28, 2024
The Canadian Alternative Reference Rate working group (CARR) is providing guidance to market participants with respect to CDOR-linked loans, derivatives and securities that do not have adequate fallback language to address the cessation of CDOR following the final publication by Refinitiv Benchmark Services (UK) Limited on June 28, 2024 (the “Cessation Date”). -
May 16, 2024
Move to T+1 settlement for Government of Canada securities auctions
As of 3 June 2024, all Government of Canada auctions of its treasury bills, bonds and Cash Management Bond Buybacks (CMBB) will be subject to T+1 settlement. This move will follow the Canadian secondary market’s own transition to T+1 settlement, expected to occur on Monday, 27 May 2024. -
May 13, 2024
CARR publishes illustrative examples on determining fallback rates on floating rate notes that reference CDOR
CARR is publishing two presentations to clarify how CARR’s recommended fallback rate for floating rate notes that reference CDOR should be implemented for calculating the coupon and accrued interest post June 2024.