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

Amount (millions)

Auction date

Settlement Date

Term (days)

Maturity date

$500

27 Oct 2015

29 Oct 2015

28

26 Nov 2015

$500

27 Oct 2015

29 Oct 2015

85

22 Jan 2016

These term repo operations are 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 these operations will be announced on the Bank’s web site 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 auctions.

These operations will be reflected on the Bank of Canada’s balance sheet.

Further details related to these operations 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