June 19, 2007
May 17, 2007 The Bank of Canada has released The Bank of Canada's Target for the Overnight Interest Rate: Policy Implementation Framework. This document outlines the framework within which the Bank implements monetary policy, including the target for the overnight interest rate, the operating band, open market buyback operations, and settlement balances.
May 10, 2007 In April 2007, officials from the Department of Finance and the Bank of Canada sought the views of institutional investors, government securities distributors, and other interested parties regarding the auction plan for Real Return Bonds (RRBs). The consultations were undertaken in view of the announcement, in the Debt Management Strategy for 2007/08, of an increase in the issuance of RRBs to slightly over $2 billion.
April 17, 2007 Effective immediately, the Bank of Canada has updated its list of securities eligible as collateral under the Standing Liquidity Facility to include foreign issuer Canadian dollar securities. Foreign issuer securities are subject to the conditions and margins as identified in the Bank's collateral policy as posted on the Bank of Canada website.
April 16, 2007 The Department of Finance and the Bank of Canada have updated the "Terms of Participation in Auctions for Government Securities Distributors."
April 12, 2007 The Bank of Canada, on behalf of the Government of Canada, announces the addition of two new Government Securities Distributors for Government of Canada marketable bonds and treasury bills.
April 11, 2007
Changes in the release times for both the call for tenders for cash-management bills (CMBs) and the preliminary International Securities Identification Numbers (ISINs) for regular treasury billsIn the Debt Management Strategy 2007/08, the government announced that the release time for call for tenders for cash-management bills (CMBs) will be moved from 10:00 (ET) to 09:45 (ET). Effective 16 April 2007, CMBs call for tenders issued on or after this date will be released at 09:45 (ET). The auction timetable can be found on the Bank of Canada website.
March 22, 2007 A consultation document relating to the auction schedule for Real Return Bonds for the fiscal year 2007/08, prepared jointly by the Department of Finance and the Bank of Canada, is being made public today.
March 19, 2007 Today, a Summary of Comments on the Debt Strategy Consultations for 2007/08 is being published on the Bank's website in conjunction with the release of the government's Debt Management Strategy for 2007/08 on the Department of Finance website.
February 15, 2007 On 9 March 2006, the Bank of Canada announced temporary measures to reinforce its target for the overnight rate. Specifically, the Bank announced that it would reduce the target for settlement balances to zero and, on a temporary basis, no longer commit to neutralizing all of the Sale and Repurchase Agreements (SRAs) conducted.