March 22, 2018 Bank of Canada Announces Lower Target for Settlement Balances to Reinforce the Target for the Overnight RateEffective Thursday, 22 March 2018, the Bank is reducing the target for the minimum daily level of settlement balances to $250 million, from its current level of $500 million.
March 21, 2018 Bank of Canada announces creation of working group to develop new term risk-free interest rate benchmarkThe Bank of Canada today announced the creation of the Canadian Alternative Reference Rate Working Group (CARR), sponsored by the Canadian Fixed-Income Forum (CFIF), to identify and seek to develop a new term risk-free Canadian dollar interest rate benchmark.
February 27, 2018 Summary of Comments – 2018–19 Debt Management Strategy ConsultationsToday, the 2018–19 Debt Management Strategy Consultations Summary is being published in conjunction with the release of the Government of Canada’s Debt Management Strategy for 2018–19.
CFEC is composed of senior officers from financial institutions actively involved in Canada’s foreign exchange market and the Canadian dollar market globally.
Along with CFEC members, the Bank of Canada is committed to adhering to the FX Global Code, a set of principles generally recognised as good practice in the wholesale foreign exchange market. To this end the Bank of Canada has issued its Statement of Commitment.
CFIF is a senior level industry-wide committee established by the Bank of Canada to discuss developments in fixed-income market structure and functioning, market practices, and related policy issues.
The government's public debt consists largely of outstanding government securities, such as treasury bills and marketable bonds. The Bank sells the securities at auction to financial market distributors and dealers.
The government's public debt (also called domestic debt or federal debt) consists largely of outstanding government securities, such as treasury bills and marketable bonds.