The Department of Finance and the Bank of Canada will begin bilateral discussions with market counterparties with respect to changes to the margining policy for the cross-currency swaps used to fund Canada’s foreign exchange reserves held in the Government’s Exchange Fund Account.
Since 2004, the Bank of Canada has carried out an annual qualitative survey to assess client activity in Canadian foreign exchange (FX) hedging as reported by banks.
The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank announced on Thursday that their existing temporary bilateral liquidity swap arrangements are being converted to standing arrangements, that is, arrangements that will remain in place until further notice.
The Department of Finance and the Bank of Canada are seeking views of government securities distributors, institutional investors, and other interested parties on issues related to the design and operation of the Government of Canada’s domestic debt program for 2014-15 and beyond.
Following a regular review of the Bank’s policy in relation to Assets Eligible as Collateral under the Bank of Canada’s Standing Liquidity Facility (SLF), the Bank is planning to introduce new concentration limits for private sector and municipal securities.
The Bank of Canada, on behalf of the Government of Canada, today announced changes to the Terms and Conditions Governing the Morning Auction of Receiver General Cash Balances (the Terms), effective 1 April 2014.
The Bank of Canada, on behalf of the Government of Canada, announces the addition of one new primary dealer for Government of Canada treasury bills.
Effective Monday, 22 July 2013, the Bank is increasing the target for the minimum daily level of settlement balances to $250 million, from its current level of $25 million. This measure will remain in effect until further notice.
The Summary of Comments - 2013-14 Debt Management Strategy Consultations is being published on the Bank of Canada’s website in conjunction with the release of the government’s Debt Management Strategy for 2013-14.
The Bank’s Head Office will now be closed each year for the provincial Family Day holiday. The Canadian Overnight Repo Rate Average (CORRA) will not be published on that day.
The Bank of Canada announced today that as a result of the change in the publication time of policy interest rate announcements to 10:00 ET , that effective 23 January 2013, the Government of Canada bidding deadline for Receiver General Cash Balance auctions will be 10:15 ET on policy rate announcement dates.