January 11, 2024 GMF publishes the final framework on a fee for failing to settle GoC securities transactions The Government of Canada Market Functioning Steering Group (GMF) published today the final framework on a fee for failing to settle Government of Canada (GoC) bond and bill transactions. Content Type(s): Press, Market notices Source(s): Canadian Fixed-Income Forum
January 3, 2024 Bank of Canada conducts Overnight Repo operation The Bank of Canada today conducted an Overnight Repo (OR) operation, which is a regular tool that is part of the Bank’s standard operating framework for implementing monetary policy. Content Type(s): Press, Market notices Source(s): Overnight repo and overnight reverse repo operations
December 21, 2023 Summary of Comments – Summer 2023 Canada Mortgage Bonds Consultation In Budget 2023, the government announced its intention to hold market consultations on a proposal to consolidate Canada Mortgage Bonds (CMBs) within the regular Government of Canada (GoC) borrowing program. Content Type(s): Press, Market notices Source(s): Canada Mortgage Bonds: Government purchases and holdings
December 21, 2023 Summary of Comments – Fall 2023 Debt Management Strategy Consultations 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. Content Type(s): Press, Market notices
December 15, 2023 Bank of Canada announces changes to communications of interest rate decisions The Bank of Canada today announced changes to its procedures for communicating monetary policy decisions, which will take effect in 2024. Content Type(s): Press, Market notices
November 30, 2023 CARR amends recommended fallback for CDOR NHA MBS, and publishes a guide for Canadian companies transitioning from CDOR 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). Content Type(s): Press, Market notices Source(s): Canadian Alternative Reference Rate Working Group
November 16, 2023 CARR publishes recommended conventions for Term CORRA swaps Today, the Canadian Alternative Reference Rate working group (CARR) published two recommended conventions for interest rate swaps referencing Term CORRA. Content Type(s): Press, Market notices Source(s): Canadian Alternative Reference Rate Working Group
October 26, 2023 Bank of Canada announces changes to Overnight Reverse Repo operations 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. Content Type(s): Press, Market notices Source(s): Overnight repo and overnight reverse repo operations
October 16, 2023 CFIF recommends path for winding down BA market 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. Content Type(s): Press, Market notices Source(s): Canadian Fixed-Income Forum
September 13, 2023 CFIF publishes an update on the transition away from BAs 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. Content Type(s): Press, Market notices Source(s): Canadian Fixed-Income Forum