The Bank of Canada announced today that it will conduct term repo operations as follows:

Amount (millions)

Auction date

Settlement Date

Term (days)

Maturity date


16 Feb 2016

18 Feb 2016


17 Mar 2016


16 Feb 2016

18 Feb 2016


12 May 2016

Primary dealers are asked to submit their bids to the Bank of Canada between 09:45 a.m. and 10:00 a.m. (ET) on the day of the auction. The results of these operations will be announced on the Bank’s web site as soon as possible following the auction. Winning bidders must notify the Bank of Canada of the securities that will be used within 60 minutes of allocating the auctions.

These operations will be reflected on the Bank of Canada’s balance sheet.

This will bring the total amount outstanding for term repo operations to $6,100 million.

Further details related to these operations are available in the Terms and Conditions for Term Repo Operations.

For further information, please contact:

Ron Allenby
Assistant Director
Financial Markets Department
Bank of Canada
613 782-8046

Media Relations
Bank of Canada
613 782-8782