CORRA: Explaining the rise in volumes and resulting upward pressure Staff Analytical Note 2024-21 Boran Plong, Neil Maru On May 27, 2024, the settlement period for trading GoC bonds in the secondary market in Canada moved from two days to one. This shortened time for settling secondary cash bond trades caused CORRA volumes to rise significantly, and they have remained elevated since. This combined with the skew in demand for funding has pressured CORRA higher. We find no indications that any other factors are contributing to the most recent pressures on CORRA. Content Type(s): Staff research, Staff analytical notes Topic(s): Financial markets, Interest rates, Monetary policy implementation JEL Code(s): D, D4, D5, D53, E, E4, E43, E44, E5, E52, G, G1, G12
August 8, 2024 Bank of Canada engages experts to assess internal review of exceptional policy actions during pandemic Media Relations Ottawa, Ontario The Bank of Canada announced today the names of three external experts who will provide an independent assessment of its review of exceptional policy actions taken during the COVID-19 pandemic. Content Type(s): Press, Press releases
August 7, 2024 Publication: Summary of Deliberations 13:30 (ET)Bank of Canada Content Type(s): Upcoming events
August 7, 2024 Release of the Bank of Canada’s summary of deliberations On Wednesday, August 7, 2024, the Bank of Canada will publish a summary of the deliberations that took place ahead of its interest rate decision on July 24, 2024. Content Type(s): Press, Media advisories
August 7, 2024 Summary of Governing Council deliberations: Fixed announcement date of July 24, 2024 This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on July 24, 2024. Content Type(s): Publications, Summary of deliberations
August 6, 2024 Bank of Canada publishes its 2025 schedule for policy interest rate announcements and other major publications Media Relations Ottawa, Ontario The Bank of Canada today published its 2025 schedule for policy interest rate announcements and the release of the quarterly Monetary Policy Report. Content Type(s): Press, Press releases
August 5, 2024 Civic Holiday Provincial holiday: Alberta, British Columbia, Nova Scotia and Ontario Content Type(s): Upcoming events
August 2, 2024 Release: Market Participants Survey 10:30 (ET)The Market Participants Survey is conducted quarterly. Bank of Canada staff reach out to a diverse set of participants in financial markets to gather their views on key macroeconomic and financial variables as well as on monetary policy. Content Type(s): Upcoming events
August 2, 2024 Market Participants Survey—Second Quarter of 2024 The Market Participants Survey results are based on questionnaire responses from about 30 financial market participants. Content Type(s): Publications, Market Participants Survey