As announced today, the Bank of Canada is introducing 1- and 3-month Term Repo operations that will be built up to a target portfolio size of $7 billion to $10 billion over a 6 month implementation period. Below is the preliminary schedule and amounts for the October to December quarter. The Bank will announce each operation separately and may modify the schedule, including introducing operations for different terms.

Preliminary Amount (millions) Operation Date Settlement Date Term (days) Maturity Date
$500 13 October 2015 15 October 2015 28 12 November 2015
$500 27 October 2015 29 October 2015 28 26 November 2015
$500 27 October 2015 29 October 2015 85 22 January 2016
$800 10 November 2015 12 November 2015 28 10 December 2015
$800 24 November 2015 26 November 2015 27 23 December 2015
$500 24 November 2015 26 November 2015 84 18 February 2016
$800 8 December 2015 10 December 2015 28 7 January 2016
$1,100 22 December 2015 23 December 2015 30 22 January 2016
$1,000 22 December 2015 23 December 2015 85 17 March 2016

For further information, please contact:


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


Bank of Canada
613 782-8782