Operational details for the upcoming Expansion of the Bank of Canada’s Bond Buyback Program

Consistent with the announcement that the Bank of Canada (the Bank), acting as fiscal agent, will extend its buybacks across all benchmark maturity sectors, the Bank is announcing today the following operations for the next two weeks:

  • A switch buyback operation on Monday, March 30th in the 10-year sector.
  • A cash buyback operation on Wednesday, April 1st in the 5-year sector.
  • A switch buyback operation on Monday, April 6th in the 30-year sector.
  • A cash buyback operation on Wednesday, April 8th in the 2-year sector.

The Bank will announce the specific operational details (timing, maximum size of Replacement Bond and Buyback basket) ahead of each operation through its regular Call for Tenders process. The Bank monitors market developments closely and remains committed to adding market liquidity and supporting price discovery while preserving neutrality and transparency.

For market participants:

Scott Kinnear
Director
Financial Markets Department
Bank of Canada
613-782-7723

Mark de Guzman
Director
Financial Markets Department
Bank of Canada
613-782-7245

For media:

Media Relations
Bank of Canada
613-782-8782

Content Type(s): Press, Market Notices