Publications and Research
Periodicals
Bank of Canada Review
Summer 1999
Index of Working Papers | Index of Technical Reports| Title | Recent Initiatives in the Canadian Market for Government of Canada Securities |
| Author(s) | Nancy Harvey |
| Type | Bank of Canada Review article |
| Date of publication |
Summer 1999 |
| Language | English and French |
| Abstract |
The initiatives reviewed by the author were undertaken to ensure a liquid and well-functioning market for Government of Canada securities in light of the significant shift in the government's financial position. They include changes made in 1998 by the Bank of Canada and the government to the rules governing auctions and to the Bank's surveillance of the auction process, changes to the treasury bill and bond programs, and implementation of a pilot buyback program for Government of Canada marketable bonds. In addition, the Investment Dealers Association of Canada adopted a code of conduct for the secondary market.
These initiatives were well received by the market and appear to have had a positive impact. The Bank and the government are, however, continuing their search for ways to maintain and enhance the efficiency of this market. |
| Bank topic index |
Financial markets |
| JEL classification |
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