What has been putting upward pressure on CORRA? Staff Analytical Note 2024-4 Boran Plong, Neil Maru From the autumn of 2023 into early 2024, the Canadian Overnight Repo Rate Average (CORRA), a measure of the cost of overnight general collateral Canadian dollar repos, was consistently well above the Bank’s target for the overnight rate. We find that, among several factors, long bond positions that require repo financing are the main driver of the recent upward pressure on CORRA. Content Type(s): Staff research, Staff analytical notes Research Topic(s): Financial markets, Interest rates, Lender of last resort, Monetary policy implementation JEL Code(s): D, D4, D5, D53, E, E4, E43, E44, E5, E52, G, G1, G12
March 20, 2024 Release of the Bank of Canada’s summary of deliberations On Wednesday, March 20, 2024, the Bank of Canada will publish a summary of the deliberations that took place ahead of its interest rate decision on March 6, 2024. Content Type(s): Press, Media advisories
March 20, 2024 Summary of Governing Council deliberations: Fixed announcement date of March 6, 2024 This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on March 6, 2024. Content Type(s): Publications, Summary of deliberations
March 20, 2024 CFEC Meeting (March 20, 2024) Content Type(s): Meetings Source(s): Canadian Foreign Exchange Committee
March 18, 2024 Fellowship Program: Award recipients Current and previous recipients of the Fellowship Program.
March 18, 2024 Bank of Canada announces the recipients of the 2024 Fellowship Program Awards Learn about the recipients of the Fellowship and Governor’s Awards for 2024. Content Type(s): Press, Announcements Source(s): Fellowship Program
March 18, 2024 2024 Fellowship Program: Award recipients The Bank of Canada is pleased to announce the recipients of the Bank’s 2024 Fellowship Award and Governor’s Award.
March 14, 2024 Release of the 2023 Bank of Canada FMI Oversight Activities Annual Report The Bank of Canada today published the Bank of Canada Oversight Activities for Financial Market Infrastructures 2023 Annual Report. Content Type(s): Press, Market notices
March 8, 2024 Receiver General cash balances: morning auction Access information about upcoming auctions and results, and find key contacts.