Changes in Minimum Bank of Canada Nominal Bond Purchases at Auctions

The Bank of Canada is reducing its purchases of nominal bonds at auctions to 5 per cent. This will assist in bringing its holdings of Government of Canada securities more in line with the composition of the government's stock of marketable debt, consistent with the Bank of Canada's policy for the management of its balance sheet. 1

This change, effective immediately, is for balance-sheet purposes only and has no implications for monetary policy.

The Bank will continue to indicate its intentions for minimum purchases on the Call for Tenders for each offering of nominal bonds. The Bank's holdings of maturing nominal bonds, if any, will also be published.

For further information contact:

Jeremy Harrison
Media Relations
Bank of Canada
613 782-8782