The Provincial Bond Purchase Program (PBPP) aims to support the liquidity and efficiency of provincial government funding markets. It supplements the Provincial Money Market Purchase Program (PMMP).
Following the launch of the Bank of Canada’s new Standing Term Liquidity Facility (STLF), the terms and conditions have been revised to include term of up to ninety (90) days.
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.
As announced on March 27, 2020, the Bank of Canada (the Bank) launched on April 1, 2020 a program to purchase Government of Canada securities in the secondary market.