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Bank of Canada Announces Details of its Term Repo Operation

The Bank of Canada announced today that it will conduct a term repo operation as follows:

Amount (millions)

Auction date

Settlement Date

Term (days)

Maturity date


13 Oct 2015

15 Oct 2015


12 Nov 2015

This term repo operation is part of the new program communicated as part of the changes to the framework for financial market operations announced on 30 September 2015.

Primary dealers are asked to submit their bids to the Bank of Canada between 09:45 a.m. and 10:00 a.m. (ET) on the day of the auction. The results of this operation will be announced on the Bank’s website as soon as possible following the auction. Winning bidders must notify the Bank of Canada of the securities that will be used within 60 minutes of allocating the auction.

This operation will be reflected on the Bank of Canada’s balance sheet.

Further details related to this operation are available in the Terms and Conditions for Term Repo Operations.

For further information, please contact:

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

Bank of Canada
613 782-8782

Content Type(s): Press, Market notices