October 28, 2020
Press
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October 28, 2020
Bank of Canada will maintain current level of policy rate until inflation objective is achieved, recalibrates its quantitative easing program
The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. -
October 19, 2020
CARR’s mandate expanded to include analysis of CDOR
The Canadian Fixed Income Forum (CFIF) has expanded the mandate of the Canadian Alternative Reference Rate working group (CARR) to include an analysis of the Canadian Dollar Offered Rate (CDOR). -
October 19, 2020
The Bank of Canada launches the CORRA Advisory Group
Earlier this year, the Bank of Canada became the administrator of the Canadian Overnight Repo Rate Average (CORRA) and since June has published this Canadian interest rate benchmark on its website using an improved methodology. -
October 19, 2020
Operational details for upcoming secondary market purchases of Government of Canada securities (October 26-November 6)
As previously announced, the Bank of Canada (the Bank) launched on April 1, 2020 a program to purchase Government of Canada securities in the secondary market – the Government Bond Purchase Program (GBPP). -
October 15, 2020
Bank of Canada announces changes to programs that support key financial markets
As overall financial market conditions continue to improve in Canada, usage in several of the Bank of Canada’s programs that support the functioning of key financial markets has declined significantly. -
October 9, 2020
Central banks and BIS publish first central bank digital currency (CBDC) report laying out key requirements
This joint press release announces the publication of a report identifying the foundational principles necessary for any publicly available central bank digital currencies to help central banks meet their public policy objectives. -
October 8, 2020
COVID‑19 and the financial system
Governor Tiff Macklem discusses financial risks from the COVID-19 pandemic that are affecting our economy and that could shape how well it recovers. He also talks about financial risks from climate change. -
October 8, 2020
From COVID to climate—the importance of risk management
Governor Tiff Macklem discusses the importance of financial risk management as Canada recovers from the pandemic, and as it deals with issues like climate change. -
October 6, 2020
Corporate Bond Purchase Program expanded to buy-side participants
In May, the Bank of Canada introduced a Corporate Bond Purchase Program (CBPP) to support the liquidity and proper functioning of the corporate debt market.