March 18, 2020
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March 17, 2020
As previously announced, the Bank of Canada (Bank) will conduct secondary market purchases of 1-month Bankers’ Acceptances issued and guaranteed by any Canadian bank and of sufficiently high quality, broadly equivalent to a minimum short-term credit rating of R-1 (low), under the Bankers’ Acceptance Purchase Facility (BAPF).
Operational details on the Bank of Canada’s Bankers' Acceptance Purchase Facility
Content Type(s):
Press,
Market notices
Source(s):
Bankers’ Acceptance Purchase Facility
March 17, 2020
Today the Bank of Canada purchased $ 46,000,000 of Canada Mortgage Bonds in the secondary market through a competitive tender process.
Results of today’s Canada Mortgage Bond purchase operation
Content Type(s):
Press,
Market notices
Source(s):
Canada Mortgage Bond Purchase Program
March 17, 2020
Governing Council’s decision to cut interest rates on Friday, 13 March, 2020 took place under unique circumstances. As such, Governing Council is offering this statement of its reasoning from the decision of March 13.
Summary of Deliberations of Governing Council, March 13, 2020
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Press,
Press releases
March 16, 2020
Consistent with the announcement that the Bank stands ready, as a proactive measure, to provide support to the Canada Mortgage Bond (CMB) market, the Bank will purchase CMBs in the secondary market through a competitive tender process.
Operational details for the Bank of Canada’s purchase of Canada Mortgage Bonds (CMBs) in the secondary market
Content Type(s):
Press,
Market notices
Source(s):
Canada Mortgage Bond Purchase Program
March 16, 2020
Under its Standing Liquidity Facility (SLF), the Bank of Canada is prepared to provide liquidity on a daily basis to financial institutions that participate directly in the payments systems operated by Payments Canada. Loans made by the Bank of Canada must be fully collateralized.
Temporary Changes to the Bank of Canada’s Standing Liquidity Facility (SLF) Collateral Policy Regarding the Non-Mortgage Loan Portfolio (NMLP) and Settlement Balances
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Press,
Market notices
Source(s):
Standing Liquidity Facility
March 16, 2020
The Bank of Canada is committed to supporting the efficient and continuous functioning of financial markets during the current period of uncertainty in which conditions are evolving rapidly.
New Bank of Canada Measures to Support Key Funding Markets
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Press,
Market notices
Source(s):
Standing Liquidity Facility
March 15, 2020
The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank are today announcing a coordinated action to enhance the provision of liquidity via the standing U.S. dollar liquidity swap line arrangements.
Coordinated Central Bank Action to Enhance the Provision of Global U.S. Dollar Liquidity
Content Type(s):
Press,
Press releases
March 13, 2020
Today, Minister of Finance Bill Morneau, Governor of the Bank of Canada Stephen Poloz, and Superintendent of Financial Institutions Jeremy Rudin outlined a coordinated package of measures being taken by financial sector partners to support the functioning of markets and continued access to financing for Canadian businesses.
Canada outlines measures to support the economy and the financial sector
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Press,
Press releases
March 13, 2020
Bank of Canada lowers overnight rate target to ¾ percent
The Bank of Canada today lowered its target for the overnight rate by 50 basis points to ¾ percent, effective Monday, March 16, 2020. The Bank Rate is correspondingly 1 percent and the deposit rate is ½ percent. This unscheduled rate decision is a proactive measure taken in light of the negative shocks to Canada’s economy arising from the COVID-19 pandemic and the recent sharp drop in oil prices.
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Press,
Press releases