#Canada #Toronto #CanDeal #Bank of Canada #Reference Pricing

Bank of Canada Partners with CanDeal Data & Analytics

In a significant move to strengthen its operations in the realm of financial securities, the Bank of Canada has entered into a multi-year agreement with CanDeal Data & Analytics (DNA), choosing it as its primary source for reference pricing of Canadian fixed-income securities. This collaboration will enable the central bank to enhance its market analyses and operational strategies.

The agreement was announced on September 16, 2026, and marks a pivotal moment for both institutions. CanDeal DNA is renowned for providing reliable solutions in the Canadian over-the-counter (OTC) market, and this partnership underscores the bank's commitment to utilizing comprehensive data resources for its decision-making processes.

Enhanced Data Accessibility

With CanDeal DNA at its service, the Bank of Canada plans to leverage these rich data resources for operational tasks, strategic research, and risk management. This decision is expected to have far-reaching implications, especially concerning the Canadian Collateral Management Service (CCMS). By integrating CanDeal's streamlined data, the bank aims to bolster its methods for managing collateral and liquidity provisions, especially during high-stress market periods.

Phillipe Muller, Senior Director of the Bank of Canada's Markets and Banking division, expressed optimism about the impact this collaboration will have on their financial management capabilities. He stressed that the reference pricing from CanDeal DNA will support not only their monetary policy endeavors but also critical functions tied to financial stability.

A Testament to Market Confidence

This partnership is more than a procedural arrangement; it signals a strengthening of trust in Canadian financial markets. Andre Craig, President of CanDeal DNA, highlighted the significance of this agreement for the firm and the broader Canadian financial landscape. He mentioned that the decision reflects CanDeal's ongoing commitment to meet the needs of the domestic market and participate in key industry initiatives that boost confidence in capital markets.

As part of the agreement, CanDeal DNA will also publish yields of the Canadian government's benchmark bonds directly on the Bank’s website, further enhancing transparency and data accessibility for market participants.

About CanDeal

Established in 2001 in Toronto, CanDeal Group has emerged as a leading provider of electronic trading platforms and data services for Canadian dollar-denominated securities and derivatives. Its marketplace facilitates access to a broad pool of liquidity, covering Canadian government bonds, provincial bonds, corporate bonds, as well as money market instruments and interest rate swaps.

CanDeal DNA specializes in providing comprehensive and accurate OTC data crucial for pricing, analytics, and reference data, enriching the overall offerings available to market participants and solution providers.

As this partnership materializes, both the Bank of Canada and CanDeal DNA are poised to redefine the landscape for Canadian fixed-income securities, ensuring that their combined efforts will enhance not only operational efficiency but also the resilience and transparency of the Canadian financial markets.