The Bank of Canada and the Department of Finance announced a pilot for the Government of Canada Cash Management Bond Buyback program that will increase flexibility in the maximum repurchase amount at each operation. The pilot program will introduce a two-step Call for Tenders process, similar to that for the treasury bill program. The preliminary Call … Read more
The bank announced a final call for marketable bond tenders with a minimum total repurchase amount of $1-billion to be auctioned by January 10, 2017. The full release is available online.
The overall level of risk to Canada’s financial system remains largely unchanged from six months ago, the Bank of Canada said in the Financial System Review. The Bank continues to highlight two key vulnerabilities related to Canadian households: high levels of indebtedness and housing market imbalances. A third ongoing vulnerability is the potential for fragility in … Read more
The bank announced a final call for treasury bill tenders with a minimum total amount of $2.6-billion to be auctioned on Dec. 12, 2016. The full release is available online.
The Bank of Canada announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent. Economic data suggest that global economic conditions have strengthened, as the Bank anticipated in its October Monetary Policy Report. However, uncertainty, which … Read more
The Bank of Canada announced the finalists for the 2016–17 edition of The Governor’s Challenge, a student competition in which teams simulate the role of advisor to the Bank’s Governing Council. Five teams of finalists represent the following universities: University of Waterloo, Wilfrid Laurier University, University of Toronto (St. George Campus), McGill University and Université de Sherbrooke. The competition began on Nov. 18 with … Read more
The Bank of Canada released a new research paper, Broker Routing Decisions in Limit Order Markets by David A. Cimon, on its website.
In a speech to the Business Council of British Columbia, Governor Stephen S. Poloz said the Bank’s inflation-targeting agreement with the federal government, which has been in place for 25 years and which was renewed last week, has helped Canadians spend and invest with more confidence and improved their standard of living. “Twenty-five is the … Read more
The Bank of Canada announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent. The global economy is expected to regain momentum in the second half of this year and through 2017 and 2018. the profile … Read more
The bank announced that tenders for the Switch Operation of Government of Canada Marketable Bonds have been accepted for a minimum total repurchase amount of $519,708,000. The full release is available online. The Bank of Canada is calling for nominations under its Fellowship Program for 2017. This program provides monetary awards to foster excellence in economic and financial … Read more
