December 21, 2023
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December 21, 2023
Today, the Fall 2023 Debt Management Strategy Consultations Summary is being published, following the release of the Government of Canada’s Economic and Fiscal Update 2023.
Summary of Comments – Fall 2023 Debt Management Strategy Consultations
Content Type(s):
Press,
Market notices
December 15, 2023
The Bank of Canada today announced changes to its procedures for communicating monetary policy decisions, which will take effect in 2024.
Bank of Canada announces changes to communications of interest rate decisions
Content Type(s):
Press,
Market notices
November 30, 2023
In 2021, CARR published “Recommended fallback language for FRNs referencing CDOR” which recommended that CDOR-linked floating rate notes (FRNs), including floating rate NHA MBS, fall back from CDOR to a CORRA fallback rate (“Fallback Rate (CORRA)” as defined in the document).
CARR amends recommended fallback for CDOR NHA MBS, and publishes a guide for Canadian companies transitioning from CDOR
Content Type(s):
Press,
Market notices
Source(s):
Canadian Alternative Reference Rate Working Group
November 16, 2023
Today, the Canadian Alternative Reference Rate working group (CARR) published two recommended conventions for interest rate swaps referencing Term CORRA.
CARR publishes recommended conventions for Term CORRA swaps
Content Type(s):
Press,
Market notices
Source(s):
Canadian Alternative Reference Rate Working Group
October 26, 2023
The Bank’s Overnight Reverse Repo (ORR) operations help reinforce the Bank’s target for the overnight rate in a floor system with large settlement balances.
Bank of Canada announces changes to Overnight Reverse Repo operations
Content Type(s):
Press,
Market notices
Source(s):
Overnight repo and overnight reverse repo operations
October 16, 2023
Bankers’ Acceptances (BAs) will no longer be issued by the major Canadian banks after the cessation of the Canadian Dollar Offered Rate’s (CDOR) publication in June 2024.
CFIF recommends path for winding down BA market
Content Type(s):
Press,
Market notices
Source(s):
Canadian Fixed-Income Forum
September 13, 2023
With the cessation of the Canadian Dollar Offered Rate’s (CDOR) publication in June 2024, Bankers’ Acceptances (BA) will no longer be issued by the major Canadian banks.
CFIF publishes an update on the transition away from BAs
Content Type(s):
Press,
Market notices
Source(s):
Canadian Fixed-Income Forum
August 29, 2023
Today, the Canadian Alternative Reference Rate working group (CARR) finalized its guidance on the allowable use cases for Term CORRA.
CARR finalizes the allowed uses for Term CORRA
Content Type(s):
Press,
Market notices
Source(s):
Canadian Alternative Reference Rate Working Group
August 28, 2023
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.
Debt Management Strategy Consultations – 2024-25
Content Type(s):
Press,
Market notices