October 26, 2023 Bank of Canada announces changes to Overnight Reverse Repo operations The Bank’s Overnight Reverse Repo (ORR) operations help reinforce the Bank’s target for the overnight rate in a floor system with large settlement balances. Content Type(s): Press, Market notices Source(s): Overnight reverse repo operations
October 16, 2023 CFIF recommends path for winding down BA market Bankers’ Acceptances (BAs) will no longer be issued by the major Canadian banks after the cessation of the Canadian Dollar Offered Rate’s (CDOR) publication in June 2024. Content Type(s): Press, Market notices Source(s): Canadian Fixed-Income Forum
September 13, 2023 CFIF publishes an update on the transition away from BAs With the cessation of the Canadian Dollar Offered Rate’s (CDOR) publication in June 2024, Bankers’ Acceptances (BA) will no longer be issued by the major Canadian banks. Content Type(s): Press, Market notices Source(s): Canadian Fixed-Income Forum
August 29, 2023 CARR finalizes the allowed uses for Term CORRA Today, the Canadian Alternative Reference Rate working group (CARR) finalized its guidance on the allowable use cases for Term CORRA. Content Type(s): Press, Market notices Source(s): Canadian Alternative Reference Rate Working Group
August 28, 2023 Debt Management Strategy Consultations – 2024-25 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 related to the design and operation of the Government of Canada’s domestic debt program for 2024-25 and beyond. Content Type(s): Press, Market notices
August 10, 2023 Term CORRA to be launched on September 5, 2023 In January, CARR announced the development of a Term CORRA benchmark that was designed to be a robust benchmark that adheres to IOSCO’s Principles for Financial Benchmarks. Content Type(s): Press, Market notices Source(s): Canadian Alternative Reference Rate Working Group
August 2, 2023 CARR begins publishing CDOR transition related FAQs Today, the Canadian Alternative Reference Rate working group (CARR) begun publishing a set of frequently asked questions (FAQs) on its website to provide clarity on various aspects of the CDOR transition. Content Type(s): Press, Market notices Source(s): Canadian Alternative Reference Rate Working Group
July 31, 2023 CFEC Releases Results of April 2023 Foreign Exchange Volume Survey The Canadian Foreign Exchange Committee (CFEC) released today the results of its April 2023 semi-annual survey of foreign exchange volumes in Canada. Content Type(s): Press, Market notices Source(s): Canadian Foreign Exchange Committee
July 27, 2023 CARR publishes its recommendations for transitioning loans from CDOR to CORRA and provides a “no new CDOR or BA loan” milestone Today, the Canadian Alternative Reference Rate working group (CARR) published a set of documents that will help support the transition of the Canadian loan market from the Canadian Dollar Offered Rate (CDOR) to the Canadian Overnight Repo Rate Average (CORRA). Content Type(s): Press, Market notices Source(s): Canadian Alternative Reference Rate Working Group
July 18, 2023 Treasury Bill 2023.07.18 auction rescheduled Following the cancellation today of the 2023.07.18 Treasury Bill Auction, the Bank has resolved the technical difficulties and is rescheduling the auction on Wednesday, July 19 at 10:30 a.m Content Type(s): Press, Market notices