Press

• June 15, 2020

  Bank of Canada becomes administrator of Canadian Overnight Repo Rate Average

  Media Relations Ottawa, Ontario

  The Bank of Canada is now the administrator of the Canadian Overnight Repo Rate Average (CORRA) and will post today the first rate calculated using an improved methodology.

  Content Type(s): Press, Press releases Source(s): Canadian Alternative Reference Rate Working Group
• June 5, 2020

  CARR welcomes MX’s listing of new Three-Month CORRA Futures

  The Canadian Alternative Reference Rate working group (CARR) welcomed Montréal Exchange’s (MX) notice that it will launch its new Three-Month Canadian Overnight Repo Rate Average (CORRA) Futures contract for trading on Friday June 12, 2020.

  Content Type(s): Press, Market notices Source(s): Canadian Alternative Reference Rate Working Group
• June 4, 2020

  Supporting markets during the crisis

  Speech summary Toni Gravelle Greater Sudbury Chamber of Commerce Sudbury, Ontario

  Speaking a day after the Bank left the policy rate unchanged, Deputy Governor Toni Gravelle explains how efforts to keep financial markets functioning through the COVID-19 crisis will lay a solid foundation for economic recovery.

  Content Type(s): Press, Speeches and appearances, Speech summaries Topic(s): Coronavirus disease (COVID-19), Financial markets, Financial stability, Monetary policy, Recent economic and financial developments
• June 4, 2020

  Greater Sudbury Chamber of Commerce - Media Availability (Webcasts)

  

  

  Economic Progress Report — Deputy Governor Toni Gravelle of the Bank of Canada speaks before the Greater Sudbury Chamber of Commerce by videoconference. (15:15 (ET) approx.)

  Content Type(s): Press, Speeches and appearances, Webcasts
• June 4, 2020

  Greater Sudbury Chamber of Commerce - Speech (Webcasts)

  

  

  Economic Progress Report — Deputy Governor Toni Gravelle of the Bank of Canada speaks before the Greater Sudbury Chamber of Commerce by videoconference. (14:00 (ET) approx.)

  Content Type(s): Press, Speeches and appearances, Webcasts
• June 4, 2020

  Economic progress report: keeping markets working

  Remarks (delivered virtually) Toni Gravelle Greater Sudbury Chamber of Commerce Sudbury, Ontario

  Deputy Governor Toni Gravelle discusses the Bank’s latest interest rate announcement and explains how efforts to keep financial markets functioning through the COVID-19 crisis will lay a solid foundation for economic recovery

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Coronavirus disease (COVID-19), Financial markets, Financial stability, Monetary policy, Recent economic and financial developments
• June 3, 2020

  Bank of Canada Announces Changes to Term Repo Operations and Bankers’ Acceptance Purchase Facility

  With substantial improvements in short-term funding conditions recently, as well as reduced participation since mid-April in the Bank’s extended Term Repo and Bankers’ Acceptance Purchase Facility (BAPF) operations, the Bank is making amendments to these programs.

  Content Type(s): Press, Market notices Source(s): Bankers’ Acceptance Purchase Facility, Term repo operations
• June 3, 2020

  Bank of Canada maintains target for the overnight rate, scales back some market operations as financial conditions improve

  Media Relations Ottawa, Ontario

  The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent. The Bank Rate is correspondingly ½ percent and the deposit rate is ¼ percent.

  Content Type(s): Press, Press releases
• June 1, 2020

  Operational details for upcoming secondary market purchases of Government of Canada securities (June 8-June 19)

  As previously announced, the Bank of Canada (the Bank) launched on April 1, 2020 a program to purchase Government of Canada securities in the secondary market – the Government Bond Purchase Program (GBPP).

  Content Type(s): Press, Market notices Source(s): Government of Canada Bond Purchase Program
• May 28, 2020

  Update: Bank of Canada asks retailers to continue accepting cash

  Media Relations Ottawa, Ontario

  During this time of heightened public health measures intended to limit the transmission of COVID-19, some consumers and businesses are choosing not to use cash to limit potential exposure.

  Content Type(s): Press, Announcements