The Bank of Canada is publishing today the schedule of its Term Loan Facility (TLF) transactions to the end of March.

Auction (Settlement) Date New Amount ($ millions) Amount Maturing ($ millions) Term (Days) Maturity Date
January
21 (22)* 2,000 27 18 February
26 (27)* minimum 2,000 28 24 February
February
2 (3) minimum 2,000 100 30 5 March
9 (10) minimum 2,000 28 10 March
17 (18) minimum 2,000 minimum 2,000 27 17 March
23 (24) minimum 2,000 minimum 2,000 28 24 March
March
4 (5) minimum 2,000 minimum 2,000 26 31 March
9 (10) minimum 2,000 minimum 2,000 28 7 April
16 (17) minimum 2,000 minimum 2,000 28 14 April
23 (24) minimum 2,000 minimum 2,000 30 23 April
30 (31) minimum 2,000 minimum 2,000 28 28 April

* These TLF operations were originally announced on 28 November.

Terms and conditions for the TLFs are available at https://www.bankofcanada.ca/en/notices_fmd/2008/term_tlf_121108.html.

The next auction will be held on 21 January at 9:15 (ET) and the results of this operation will be announced on the Bank's web site at 10:15 (ET). The total amount of assets acquired through this TLF operation will be announced on the Bank's web site on the settlement day by 16:45 (ET). These transactions will also be reflected on the Bank of Canada's balance sheet.

The Bank will continue to provide additional term liquidity as long as conditions in financial markets warrant.

For further information, please contact:
Jeremy Harrison
613 782-8782