#Canada #Toronto #fixed income #Bank of Canada #CanDeal Data

Bank of Canada Partners with CanDeal Data & Analytics

On September 16, 2026, CanDeal Data & Analytics, a top player in Canadian financial market data solutions, announced a long-term agreement with the Bank of Canada, affirming its position in the nation’s financial landscape. This partnership will leverage CanDeal's Reference Pricing service to support the Bank’s operational efforts, research, financial policy formulation, and risk management.

Significance of the Agreement

The Bank of Canada aims to utilize CanDeal's extensive data for Canadian dollar-denominated fixed income securities. This crucial information will play a pivotal role in facilitating the country's monetary policy and managing financial systems and funds. Particularly notable is the enhancement of the Canadian Collateral Management Service (CCMS), which the Bank will employ to improve its collateral management procedures and liquidity provisions during times of intense market pressure. According to Phillipe Muller, Senior Director at the Bank of Canada, this collaboration will modernize their operations, making them more efficient and scalable.

CanDeal’s Role

CanDeal’s President, Andre Craig, expressed enthusiasm over the partnership, emphasizing its importance not just for CanDeal but also for the broader Canadian capital markets community. He articulated that this collaboration showcases their commitment to addressing market needs and participating actively in industry initiatives, which collectively boost confidence in the Canadian financial landscape.

Founded in Toronto in 2001, CanDeal Group has evolved into a leading resource for electronic marketplace and data services, specializing in Canadian dollar debt securities and derivatives. Their Markets division offers significant liquidity access to various forms of Canadian bonds, agencies, provinces, and corporate bonds, among other financial instruments.

CanDeal’s DNA unit delivers accurate dealer-sourced OTC data, supporting pricing, analytics, and reference data to a wide array of industry participants, while their Benchmark Solutions unit manages Canada's benchmark interest rate, Term CORRA.

The Road Ahead

With this arrangement, the Bank of Canada will also publish the Government of Canada's benchmark bond yields on its official website, contributing a layer of transparency to financial sectors while providing users easy access to vital financial data.

This partnership signifies a strategic alignment between the Bank of Canada and CanDeal, paving the way for collaborative initiatives aimed at bolstering the efficiency, resilience, and transparency of financial markets in Canada. Both entities are optimistic about future engagements that will further reinforce the integrity and trust in Canada's financial systems.

As both organizations embark on this journey, stakeholders in the capital markets stand to benefit from enhanced data access and a more robust financial framework, ultimately contributing to a healthier financial ecosystem for all Canadians.