Primary dealers are asked to submit their bids to the Bank of Canada between 09:15 and 09:30 (ET) on the day of the auction. The results of this operation will be announced on the Bank’s web site by 10:00 (ET). Winning bidders must notify the Bank of Canada of the securities that will be used in the operation by 11:00 (ET) on the day of the auction.
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 relating to the design and operation of the domestic Government of Canada debt program for 2011-12 and beyond.
The Government of Canada 2-year bond auction scheduled for 10 November 2010 will be held at 10:30 (ET) instead of at the usual auction time of 12:00 (ET)
The Bank of Canada is increasing its purchases of nominal bonds at auctions to 15 per cent effective immediately. This will assist in bringing its holdings of Government of Canada securities more in line with the composition of the government's stock of nominal domestic marketable debt, consistent with the Bank of Canada's policy for managing its balance sheet.
Today, the Canadian OTC Derivatives Working Group published a paper that sets out preliminary recommendations for implementing Canada's G-20 commitments related to OTC derivatives.
As part of an ongoing review of collateral policy related to the Bank of Canada's Standing Liquidity Facility (SLF), the Bank is adjusting the credit-rating requirements for assets acceptable as collateral.