November 3, 2003 The Bank of Canada announced that, effective 1 November 2003, it will no longer backdate the results of payments settling through the Automated Clearing Settlement System (ACSS), an accounting practice that has been in place since July 1986.
August 22, 2003 During the current power difficulties, the Bank of Canada in Ottawa has been operating from its back-up facility to provide essential services, such as monitoring financial markets and the critical clearing and settlement systems.
August 21, 2003
Summer 2003 Consultations Views Sought on Issues Relating to the Design and Operation of The Real Return Bond ProgramA consultation document on issues relating to the design and operation of the Real Return Bond program, prepared jointly by the Department of Finance and the Bank of Canada, is being published today.
April 8, 2003
Change in timing of auction of Government of Canada treasury bills from 12:30 p.m. to 10:30 a.m. (Ottawa time) starting 17 June 2003In its Debt Management Strategy 2003/04, the government announced that the auction time for treasury bills would be moved to 10:30 a.m., on a trial basis, starting 22 April 2003.
March 21, 2003 In December 2002, officials from the Department of Finance and the Bank of Canada consulted with market participants on a number of issues related to domestic debt programs. Comments received were taken into consideration in the development of the debt strategy for 2003/04.
February 20, 2003 Canada's financial system consists of financial institutions, financial markets, and clearing and settlement systems. It is a key part of the infrastructure of our economy.
February 18, 2003 As announced in the 2003 Budget, the Government will gradually reduce the fixed-rate portion of the debt from two-thirds to 60 per cent. The reduction will begin in the upcoming fiscal year and will be implemented in an orderly and transparent manner over the next five years to maintain a well-functioning Government of Canada securities market.
December 2, 2002
Change to Bank of Canada Interest Rate Spread for Items Cleared through the Automated Clearing Settlement System (ACSS)The Canadian Payments Association introduced the Large Value Transfer System, an electronic system for the transfer of payments, on 4 February 1999. Virtually all of the value of public sector payment flows and most payments related to wholesale market transactions now move through the LVTS.
November 25, 2002
Debt-Strategy Consultations 2003/04 - Views Sought on Issues Relating to the Design and Operation of Government Debt Programs in 2003/04 and BeyondA consultation document on issues relating to the design and operation of government debt programs for fiscal year 2003/04 and beyond, prepared jointly by the Department of Finance and the Bank of Canada, was published today. Debt-strategy planning is based on the fiscal outlook in the 2002 Economic and Fiscal Update released 30 October 2002, which projects that government borrowing in financial markets will remain near current levels.
November 25, 2002 Effective 9 December 2002, the turnaround time for Government of Canada securities auctions will be reduced from 15 minutes to 10 minutes, and the turnaround time for repurchase operations will be reduced from 30 minutes to 15 minutes. Coincident with these changes, the submission deadline for buybacks on a cash basis will be advanced from 1:15 p.m to 1:00 p.m.