Operational details for upcoming secondary market purchases of Government of Canada securities (November 1-12)

As previously announced, the Bank of Canada (the Bank) launched on April 1, 2020 a program to purchase Government of Canada securities in the secondary market – the Government Bond Purchase Program (GBPP). On October 27, 2021 the Bank announced a move into the reinvestment phase, effective November 1, 2021. The GBPP operations for the two-week period beginning November 1, 2021 are announced below. The schedule for the week of November 1 below supersedes the schedule previously published in the market notice of October 18, 2021.

The Bank will conduct the following purchase operations the week of November 1:

  • Monday, November 1 in the 10-year sector.
  • Thursday, November 4 in the 30-year sector.

The Bank will conduct the following purchase operations the week of November 8:

  • Tuesday, November 9 in the 2-year sector.
  • Wednesday, November 10 in the 5-year sector.

NOTE: all operations will have a T+2 settlement unless otherwise stated.

The secondary market purchases conducted by the Bank should settle with the Bank (CUID: BOCB) and not the Government of Canada.

The Bank will announce specific operational details (size, timing, the basket of eligible securities) at least one day ahead of each operation.

The Bank continues to monitor market developments closely and remains committed to supporting the liquidity and efficient functioning of the Government of Canada bond market.


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


Director
Financial Markets Department
Bank of Canada
613-782-7245

Media Relations
Bank of Canada