Canadian Covered Bond Issuance Surges Following Bank of Canada Expansion of Eligible Collateral for Term Repo Operations

DBRS Morningstar released a commentary entitled, “Canadian Covered Bond Issuance Surges Following Bank of Canada Expansion of Eligible Collateral for Term Repo Operations,” which summarizes the recent spike in Canadian covered bond issuance after the Bank of Canada announced its inclusion of own-named covered bonds as eligible collateral for its term repo operations.