Bank of Canada Announces Further Enhancements to its Term Repo Operations

Following the announcement of the Bank of Canada’s new market operations to improve market functioning to support its monetary policy actions, the Term Repo terms and conditions have been revised to include term repos up to 24 months.

The Bank will include these longer term repos as part of its operations starting April 28, 2020.  The details of the upcoming operations are published on the Bank’s website.

Auction Type Amount Auction Date Settlement Date Term (Days) Maturity Date
Regular - 28 April 2020 30 April 2020 182 29 October 2020
Regular - 28 April 2020 30 April 2020 714 14 April 2022
Regular - 30 April 2020 4 May 2020 87 30 July 2020
Regular - 30 April 2020 4 May 2020 262 21 January 2021
Regular - 5 May 2020 7 May 2020 175 29 October 2020
Regular - 5 May 2020 7 May 2020 539 28 October 2021
Regular - 7 May 2020 11 May 2020 87 6 August 2020
Regular - 7 May 2020 11 May 2020 353 29 April 2021

The Bank of Canada continues to closely monitor global and domestic market developments and remains committed to providing all the liquidity the financial system needs so that it can continue to serve Canadians.

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

Lorie Zorn
Director
Financial Markets Department
Bank of Canada
403 956-4532

Media Relations
Bank of Canada
613 782-8782

Content Type(s): Press, Market Notices