The Bank of Canada announced today its Terms and Conditions for Term Repo Operations for Balance Sheet management purposes.

As part of the normal course of managing the Bank's balance sheet, from time to time, the Bank needs to acquire assets temporarily through Term Repo operations. These assets are typically acquired to offset seasonal flows of bank notes, but can be utilized for other temporary purposes. As part of the unwinding of the Term PRA transactions, some Term Repo operations are likely to be required.

All Term Repo operations, including specific details will be announced on the Bank's website ahead of each auction. These Term Repo operations have no monetary policy or financial stability implications.

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