April 6, 2020 Bank of Canada announces the minimum yield for today’s Banker’s Acceptance Purchase Facility operation The minimum yield for today's BA Purchase Facility is 0.40%. Content Type(s): Press, Market notices Source(s): Bankers’ Acceptance Purchase Facility
April 2, 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 $417 million of provincial treasury bills and/or promissory notes. Content Type(s): Press, Market notices Source(s): Provincial Money Market Purchase Program
March 31, 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 $10 million of provincial treasury bills and/or promissory notes. Content Type(s): Press, Market notices Source(s): Provincial Money Market Purchase Program
March 30, 2020 Bank of Canada announces successful launch of Standing Term Liquidity Facility The Bank of Canada announced today that it successfully launched its new Standing Term Liquidity Facility (STLF). Content Type(s): Press, Press releases Source(s): Standing Term Liquidity Facility
March 30, 2020 Results of the Bankers’ Acceptance Purchase Facility operation The results of today’s Bankers’ Acceptance Purchase Facility (BAPF) operation. Content Type(s): Press, Market notices Source(s): Bankers’ Acceptance Purchase Facility
March 30, 2020 Bank of Canada announces the minimum yield for today’s Banker’s Acceptance Purchase Facility operation The minimum yield for today's BA Purchase Facility is 0.43%. Content Type(s): Press, Market notices Source(s): Bankers’ Acceptance Purchase Facility
July 13, 2020 Operational details for upcoming secondary market purchases of Government of Canada securities (July 20-July 31) As previously announced, the Bank of Canada (the Bank) launched on April 1, 2020 a program to purchase Government of Canada securities in the secondary market – the Government Bond Purchase Program (GBPP). Content Type(s): Press, Market notices Source(s): Government of Canada Bond Purchase Program
Ten Isn’t Large! Group Size and Coordination in a Large-Scale Experiment Staff Working Paper 2020-30 Jasmina Arifovic, Cars Hommes, Anita Kopányi-Peuker, Isabelle Salle Economic activities typically involve coordination among a large number of agents. These agents have to anticipate what other agents think before making their own decisions. Content Type(s): Staff research, Staff working papers Topic(s): Financial markets, Financial stability JEL Code(s): C, C9, C92, D, D8, D83, D9, D90, G, G2, G20
Maturity Composition and the Demand for Government Debt Staff Working Paper 2020-29 Jason Allen, Jakub Kastl, Milena Wittwer The main objectives of debt management are to raise stable and low-cost funding to meet the government’s financial needs and to maintain a well-functioning market for government securities. Content Type(s): Staff research, Staff working papers Topic(s): Debt management, Financial markets JEL Code(s): C, C1, C14, D, D4, D44, E, E5, E58, G, G1, G12
COVID-19 and bond market liquidity: alert, isolation and recovery Staff Analytical Note 2020-14 Jean-Sébastien Fontaine, Hayden Ford, Adrian Walton The disruption due to COVID-19 reverberated through the bond markets in three phases. In the first phase, dealers met the rising demand for liquidity. In the second, dealers reduced the supply of liquidity, and trading conditions worsened significantly. Finally, the market returned to relative stability following several interventions by the Bank of Canada. Content Type(s): Staff research, Staff analytical notes Topic(s): Coronavirus disease (COVID-19), Financial markets, Monetary policy JEL Code(s): E, E4