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