September 10, 2021
Read about our financial market operations and liquidity policies, view the related market operations indicators, and read about the market operations framework policy consultations.
COVID-19: Actions to support the economy and financial system
Learn about the economic impact of the COVID-19 pandemic and the Bank’s actions to support the Canadian economy and financial system.
Market operations, programs and facilities
Get quick access to details and data—including terms and conditions, schedules and results.
Lender of last resort
The Bank of Canada, as Canada's central bank, is the ultimate source of liquid funds to the financial system. Learn about this role, known as “lender of last resort".
Framework for market operations and liquidity provision
Learn about the Bank’s policies for financial market operations and tools for providing liquidity to the financial system. This includes routine and emergency liquidity tools provided as part of the Bank’s role as lender of last resort.
Indicators: market operations
A table of indicators related to the implementation of monetary policy that includes the operating band, settlement balances and other Bank of Canada operations.
Bank of Canada Margin Call Practice for Domestic Market Operations
For transactions outstanding against securities purchased or sold under a term purchase and resale agreement, the Bank values the securities daily, and compares that value to the contract valuation to ensure the Bank is adequately protected.
A chronology of crisis response measures (2007–2011)
View the chronological list of crisis response measures the Bank of Canada took between December 12, 2007 and November 30, 2011.
Related
September 1, 2021
The Statement of Policy establishes the policy governing the acquisition and management of financial assets for the Bank’s balance sheet. It does not apply to the assets of the Bank’s pension trust fund or supplementary trust fund.
Statement of Policy Governing the Acquisition and Management of Financial Assets for the Bank of Canada’s Balance Sheet
March 18, 2020
This policy sets out the range of securities and instruments that the Bank will use for certain types of transactions.
Bank of Canada Policy for Buying and Selling Securities Under Subsection 18.1(1) of the Bank of Canada Act
March 27, 2020
These Rules serve as policy guidelines and administrative procedures for financial institutions and financial market infrastructures seeking to obtain loans (advances) from the Bank of Canada.
Rules Governing Advances to Financial Institutions
Policy consultations
September 30, 2015
The Bank announces changes to its framework for financial market operations and emergency lending assistance policies and provides summaries of its public consultations.
Completion of Public Consultations: Bank of Canada's Framework for Financial Market Operations and its Emergency Lending Assistance Policies
Content Type(s):
Press,
Market notices
May 5, 2015
The Bank of Canada undertook public consultations to update its framework for financial market operations and its emergency lending policies to reflect the evolution of the Canadian financial system and lessons learned globally during the 2007–09 financial crisis. As part of the public consultations, the Bank released two consultation papers that proposed several changes to its market operations and to its Emergency Lending Assistance (ELA) policies. The comment period for the consultations ended on 4 July 2015.
Public Consultations on the Bank of Canada’s Framework for Financial Market Operations and its Emergency Lending Assistance Policies
Content Type(s):
Press,
Market notices