The Bank of Canada is increasing its purchases of nominal bonds at auctions to 15 per cent effective immediately. This will assist in bringing its holdings of Government of Canada securities more in line with the composition of the government's stock of nominal domestic marketable debt, consistent with the Bank of Canada's policy for managing its balance sheet.

This change is for balance-sheet purposes only and has no implications for monetary policy or financial stability.

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