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.
Market notices
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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). -
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. -
May 25, 2023
CFIF welcomes the launch of the new Canadian Collateral Management Service
TMX Group Limited and Clearstream Banking S.A. announced plans to launch a Canadian Collateral Management Service (CCMS) later this year. -
April 25, 2023
Canadian derivatives market hits milestone in transition from CDOR to CORRA
For two consecutive weeks, the majority of maturity-weighted notional volume in cleared Canadian dollar interest rate derivatives has been priced using CORRA instead of CDOR. -
March 31, 2023
Release of the 2022 Bank of Canada FMI Oversight Activities Annual Report
The Bank of Canada today published the Bank of Canada Oversight Activities for Financial Market Infrastructures 2022 Annual Report. -
March 28, 2023
CARR publishes impact assessment checklist for market participants with CDOR exposure
The Canadian Alternative Reference Rate working group (CARR) today published an impact assessment checklist to help firms assess and mitigate their exposures to the Canadian Dollar Offered Rate (CDOR). -
February 7, 2023
CFEC Releases Results of October 2022 Foreign Exchange Volume Survey
The Canadian Foreign Exchange Committee (CFEC) released today the results of its October 2022 semi-annual survey of foreign exchange volumes in Canada. -
January 27, 2023
Bank of Canada announces change to maximum bid rate for securities repo operations
The Bank of Canada is announcing a change to the pricing of the securities repo operations (SRO). -
January 16, 2023
CFIF publishes White Paper on the impact of CDOR cessation on Bankers’ Acceptance market
With the cessation of Canadian Dollar Offer Rate’s (CDOR) publication in June 2024, it is expected that Bankers’ Acceptance (BA) will cease to exist as a money market instrument.