GIC Offer Sheets (GA-GB)
The purpose of this return is to provide information on GIC offer sheets of the institution as at the Friday of each week. Institutions will provide data by term and by issuer on cashable GICs, short-term fixed GICs, and other fixed term GICs, for the purpose of monitoring interest rate movements.
Section 24 of the Bank of Canada Act.
This return applies to the 6 largest chartered banks.
Information from this return may be published by the Bank of Canada on an aggregated basis.
The return is to be completed as at the Friday of each week and submitted within 1 business day of each Friday.
Bank of Canada
All reporting institutions are required to submit both the GA and GB templates. For institutions where the parent entity and the broker report together, the GB may be submitted with the same content.
Each reporting institution will receive a return template with a list of row numbers in place of issuer names. The Bank of Canada will inform each bank which numbers the issuer names on their offer sheets map to.
Financial institutions will report interest rates, to two decimal places, by term and issuer. This information is the same as the data provided by financial institutions to Bank of Canada in previous years via unstructured formats (e.g. excel workbooks, PDF documents, etc.).