Market notices

The Bank of Canada is today launching a new webpage with details on the Government of Canada’s purchases of Canada Mortgage Bonds (CMBs).

The Canadian Foreign Exchange Committee (CFEC) released today the results of its October 2023 semi-annual survey of foreign exchange volumes in Canada.

The Bank of Canada (the “Bank”), in its role as fiscal agent for the Government of Canada, said today it will reintroduce the morning auction of Receiver General (RG) cash balances in the coming weeks.

In the 2023 Fall Economic Statement, the Canadian government announced its intention to purchase Canada Mortgage Bonds (CMBs), beginning in 2024, up to an annual maximum of $30 billion while ensuring that the pace and volume of these purchases are appropriate for market conditions.

The Government of Canada Market Functioning Steering Group (GMF) published today the final framework on a fee for failing to settle Government of Canada (GoC) bond and bill transactions.

The Bank of Canada today conducted an Overnight Repo (OR) operation, which is a regular tool that is part of the Bank’s standard operating framework for implementing monetary policy.

In Budget 2023, the government announced its intention to hold market consultations on a proposal to consolidate Canada Mortgage Bonds (CMBs) within the regular Government of Canada (GoC) borrowing program.

Today, the Fall 2023 Debt Management Strategy Consultations Summary is being published, following the release of the Government of Canada’s Economic and Fiscal Update 2023.

The Bank of Canada today announced changes to its procedures for communicating monetary policy decisions, which will take effect in 2024.

In 2021, CARR published “Recommended fallback language for FRNs referencing CDOR” which recommended that CDOR-linked floating rate notes (FRNs), including floating rate NHA MBS, fall back from CDOR to a CORRA fallback rate (“Fallback Rate (CORRA)” as defined in the document).