July 27, 2020 Securities Repo Operations The Bank of Canada’s Securities Repo Operations (SROs) program provides a temporary source of Government of Canada nominal bonds and treasury bills to primary dealers to support liquidity in the securities financing market. The Bank makes a portion of its holdings of these securities available on an overnight basis through daily repurchase operations.
July 27, 2020 CARR Meeting (July 27, 2020) Content Type(s): Meetings Source(s): Canadian Alternative Reference Rate Working Group
July 21, 2020 Bank of Canada announces changes to the amount of Government of Canada Treasury Bills acquired at auction The Bank’s short-term liquidity programs announced since March to improve market functioning are having their intended effect. Conditions in short-term funding markets have improved. In particular, strains in the Government of Canada Treasury Bill market have diminished significantly. Content Type(s): Press, Market notices
July 21, 2020 Bank of Canada announces changes to the Provincial Money Market Purchase (PMMP) program The Bank’s short-term liquidity programs announced since March to improve market functioning are having their intended effect. Conditions in short-term funding markets have improved. In particular, strains in the short-term provincial borrowing market have diminished significantly. Content Type(s): Press, Market notices Source(s): Provincial Money Market Purchase Program
July 20, 2020 Bank of Canada announces new securities repo operations In line with its objectives to support core funding markets and to foster the well-functioning of the Government of Canada securities market, the Bank of Canada is announcing the introduction of securities repo operations (SROs). Content Type(s): Press, Market notices Source(s): Securities Repo Operations
July 17, 2020 Systemic Risk Surveillance Committee: Terms of Reference Learn about the objectives of the Systemic Risk Surveillance Committee (SRSC), its governance and membership.
July 17, 2020 Heads of Regulatory Agencies Committee: Terms of Reference Learn about the objectives of the Heads of Regulatory Agencies (HoA) Committee, the membership, structure and responsibilities.
Average is Good Enough: Average-inflation Targeting and the ELB Staff Working Paper 2020-31 Robert Amano, Stefano Gnocchi, Sylvain Leduc, Joel Wagner The Great Recession and current pandemic have focused attention on the constraint on nominal interest rates from the effective lower bound. Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Economic models, Monetary policy framework JEL Code(s): E, E3, E31, E32, E5, E52
July 15, 2020 Monetary Policy Report Press Conference Opening Statement Opening statement Tiff Macklem Ottawa, Ontario Governor Tiff Macklem discusses key issues involved in the Governing Council’s deliberations about the policy rate decision and the MPR. Content Type(s): Press, Speeches and appearances, Opening statements Topic(s): Coronavirus disease (COVID-19)