April 15, 2020 Bank of Canada maintains overnight rate target and unveils new market operations Media Relations Ottawa, Ontario The Bank of Canada today maintained its target for the overnight rate at ¼ percent, which the Bank considers its effective lower bound. The Bank Rate is correspondingly ½ percent and the deposit rate is ¼ percent. The Bank also announced new measures to provide additional support to Canada’s financial system. Content Type(s): Press, Press releases
April 15, 2020 Monetary Policy Report – April 2020 Canada’s economy faces two significant shocks—the plunge in global oil prices and the impact of the COVID-19 pandemic. Content Type(s): Publications, Monetary Policy Report
April 14, 2020 Results of today’s Canada Mortgage Bond purchase operation Today the Bank of Canada purchased $ 215,000,000 of Canada Mortgage Bonds in the secondary market. Content Type(s): Press, Market notices Source(s): Canada Mortgage Bond Purchase Program
April 9, 2020 Bank of Canada announces changes to eligibility requirements of Term ABS in the Bank of Canada’s Standing Liquidity Facility Collateral Policy The Bank of Canada continually reviews its collateral policy for the Standing Liquidity Facility (SLF) and its term repo operations. Content Type(s): Press, Market notices Source(s): Standing Liquidity Facility
April 9, 2020 Historical Assets Eligible as Collateral under the Bank of Canada’s Standing Liquidity Facility – April 9, 2020 to July 25, 2021 The Bank of Canada (the Bank), through its Standing Liquidity Facility (SLF), provides access to liquidity to those institutions that participate directly in the Large Value Transfer System (LVTS). Content Type(s): Collateral Policy Source(s): Standing Liquidity Facility
April 9, 2020 Addition of One Government Securities Distributor for Government of Canada Securities The Bank of Canada, on behalf of the Government of Canada, announces the addition of one new Government Securities Distributor for Government of Canada marketable bonds and treasury bills. Content Type(s): Press, Market notices
April 9, 2020 Results of today’s Provincial Money Market Purchase program As part of the Bank of Canada’s Provincial Money Market Purchase (PMMP) program, the Bank was allocated $298 million of provincial treasury bills and/or promissory notes. Content Type(s): Press, Market notices Source(s): Provincial Money Market Purchase Program
April 9, 2020 Temporary changes to the Government of Canada securities auction The Bank of Canada today announced temporary changes to standard terms for auctions of Government of Canada securities to support the liquidity and well-functioning of financial markets. Content Type(s): Press, Market notices
April 8, 2020 Provincial Money Market Purchase Program The Provincial Money Market Purchase (PMMP) program is an asset purchase facility that acquires provincially-issued money market securities through the primary issuance market.
April 8, 2020 Results of today’s Provincial Money Market Purchase program As part of the Bank of Canada’s Provincial Money Market Purchase (PMMP) program, the Bank was allocated $480 million of provincial treasury bills and/or promissory notes. Content Type(s): Press, Market notices Source(s): Provincial Money Market Purchase Program