Market Notices

• August 29, 2023

  CARR finalizes the allowed uses for Term CORRA

  Today, the Canadian Alternative Reference Rate working group (CARR) finalized its guidance on the allowable use cases for Term CORRA.

  Content Type(s): Press, Market notices Source(s): Canadian Alternative Reference Rate Working Group
• August 28, 2023

  Debt Management Strategy Consultations – 2024-25

  The Department of Finance and the Bank of Canada are seeking the 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 2024-25 and beyond.

  Content Type(s): Press, Market notices
• August 10, 2023

  Term CORRA to be launched on September 5, 2023

  In January, CARR announced the development of a Term CORRA benchmark that was designed to be a robust benchmark that adheres to IOSCO’s Principles for Financial Benchmarks.

  Content Type(s): Press, Market notices Source(s): Canadian Alternative Reference Rate Working Group
• August 2, 2023

  CARR begins publishing CDOR transition related FAQs

  Today, the Canadian Alternative Reference Rate working group (CARR) begun publishing a set of frequently asked questions (FAQs) on its website to provide clarity on various aspects of the CDOR transition.

  Content Type(s): Press, Market notices Source(s): Canadian Alternative Reference Rate Working Group
• July 31, 2023

  CFEC Releases Results of April 2023 Foreign Exchange Volume Survey

  The Canadian Foreign Exchange Committee (CFEC) released today the results of its April 2023 semi-annual survey of foreign exchange volumes in Canada.

  Content Type(s): Press, Market notices Source(s): Canadian Foreign Exchange Committee
• July 27, 2023

  CARR publishes its recommendations for transitioning loans from CDOR to CORRA and provides a “no new CDOR or BA loan” milestone

  Today, the Canadian Alternative Reference Rate working group (CARR) published a set of documents that will help support the transition of the Canadian loan market from the Canadian Dollar Offered Rate (CDOR) to the Canadian Overnight Repo Rate Average (CORRA).

  Content Type(s): Press, Market notices Source(s): Canadian Alternative Reference Rate Working Group
• July 18, 2023

  Treasury Bill 2023.07.18 auction rescheduled

  Following the cancellation today of the 2023.07.18 Treasury Bill Auction, the Bank has resolved the technical difficulties and is rescheduling the auction on Wednesday, July 19 at 10:30 a.m

  Content Type(s): Press, Market notices
• July 18, 2023

  Operation Cancellation – Treasury Bill 2023.07.18

  Due to technical difficulties, the Treasury Bill Auction scheduled for 2023.07.18 at 10:30 has been cancelled.

  Content Type(s): Press, Market notices
• June 30, 2023

  CARR releases its recommendations for legacy securities tied to CDOR

  Today, the Canadian Alternative Reference Rate working group (CARR) published its paper on legacy securities linked to CDOR (i.e. securities referencing CDOR that mature after CDOR’s cessation).

  Content Type(s): Press, Market notices Source(s): Canadian Alternative Reference Rate Working Group
• June 9, 2023

  CDOR Transition – Implications for transactions as stage 1 ends and stage 2 begins

  The first stage of CARR’s two-staged transition plan will be completed on June 30, 2023. Market participants are expected to have transitioned all new derivative (bilateral, cleared and exchange traded) and securities transactions to CORRA benchmarks, with limited exceptions, after June 30, 2023.

  Content Type(s): Press, Market notices Source(s): Canadian Alternative Reference Rate Working Group