FINANCING & INVESTING FOR LOCAL GOVERNMENTS
Fixed Rate - 5 to 30 years 10 year loan rate 3.00%
Variable Rate - up to 5 years
Variable Rate - up to 25 years*
Daily floating rate 2.32%
*see program details for further information
Money Market Fund - $10.000 / unit
Intermediate Fund - $9.7151 / unit
Bond Fund - $9.6919 / unit
CIBC HISA rate 2.21% (effective Jul 12/18)
National Bank of Canada HISA rate 2.27% (effective Jul 12/18)
Read our Memorandum on this topical issue
NEW: Pooled High Interest Savings Account with National Bank of Canada PHISA current rate of return is 2.27%. CIBC PHISA current rate of return is 2.21%. See the program page or email us for more information.
2018 MFA Tax Levy Payment Will be collected via Electronic Funds Transfer (EFT). Please complete this Tax Levy one-off EFT Form and email it to us by July 16, 2018. We will process the payments on August 1, 2018.
The 2019 MFA AGM and Financial Forum will be held March 27 & 28. Details will follow in January 2019.
Slides from our 2018 AGM & Financial Forum guest speaker presentations are available on our Governance page.
NEW: Fall 2018 Borrowing Opportunity: details and deadlines.
BCMFA Credit Ratings
Moody's: Aaa "Stable"
Fitch: AAA "Stable"
Standard & Poor's: AAA "Stable"
Short Term Ratings
Standard & Poor's: A-1+
Bond Rate - 10 year
Tools / Resources
Find status of loans, issue highlights, amortization schedules and historical rates.