March 27, 2020 Rules Governing Advances to Financial Institutions These Rules serve as policy guidelines and administrative procedures for financial institutions and financial market infrastructures seeking to obtain loans (advances) from the Bank of Canada.
March 27, 2020 UPDATED: Bank of Canada to Introduce a Commercial Paper Purchase Program In order to support the continuous functioning of financial markets, the Bank of Canada is announcing the Commercial Paper Purchase Program (CPPP). Content Type(s): Press, Market notices Source(s): Commercial Paper Purchase Program
March 27, 2020 Operational details for the secondary market purchases of Government of Canada securities As announced on March 27 2020, the Bank of Canada is launching a program to purchase Government of Canada securities in the secondary market. Content Type(s): Press, Market notices Source(s): Government of Canada Bond Purchase Program
March 27, 2020 Press Conference Opening Statement – March 27, 2020 Opening statement Stephen S. Poloz Ottawa, Ontario This unscheduled rate decision brings the policy rate to its effective lower bound, to provide support to the Canadian financial system and to the economy during the COVID-19 pandemic. Content Type(s): Press, Speeches and appearances, Opening statements Topic(s): Coronavirus disease (COVID-19)
March 27, 2020 Bank of Canada lowers overnight rate target to ¼ percent Media Relations Ottawa, Ontario The Bank of Canada today lowered its target for the overnight rate by 50 basis points to ¼ percent. The Bank Rate is correspondingly ½ percent and the deposit rate is ¼ percent. This unscheduled rate decision brings the policy rate to its effective lower bound and is intended to provide support to the Canadian financial system and the economy during the COVID-19 pandemic. Content Type(s): Press, Press releases
March 26, 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 $121.1 million of provincial treasury bills and/or promissory notes. Content Type(s): Press, Market notices Source(s): Provincial Money Market Purchase Program
March 26, 2020 Results of today’s Canada Mortgage Bond purchase operation Today the Bank of Canada purchased $ 260,000,000 of Canada Mortgage Bonds in the secondary market. Content Type(s): Press, Market notices Source(s): Canada Mortgage Bond Purchase Program