Market notices, Overnight reverse repo operations

• January 29, 2025

  Bank of Canada announces an adjustment to the deposit rate and some changes to terms and conditions for Overnight Reverse Repo Operations

  The Bank announced it is making an adjustment to the deposit rate. Effective January 30, the deposit rate will be set at a spread of 5bps below the Bank’s policy interest rate.

  Content Type(s): Press, Market notices Source(s): Overnight reverse repo operations
• October 26, 2023

  Bank of Canada announces changes to Overnight Reverse Repo operations

  The Bank’s Overnight Reverse Repo (ORR) operations help reinforce the Bank’s target for the overnight rate in a floor system with large settlement balances.

  Content Type(s): Press, Market notices Source(s): Overnight reverse repo operations
• September 13, 2022

  Bank of Canada to delay bond auction in observance of federal Day of Mourning; will support key payment and settlement systems as well as financial markets

  In observance of the federal Day of Mourning to mark the death of Queen Elizabeth II, the Bank of Canada will postpone the auction of 10-year Government of Canada bonds that had been scheduled for Monday, September 19.

  Content Type(s): Press, Market notices Source(s): Government securities auctions, Overnight reverse repo operations, Securities Repo Operations
• April 22, 2022

  Bank of Canada announces increases to the limit for Securities Repo and Overnight Reverse Repo operations

  Effective April 25, 2022, the maximum total bidding amount across all securities in the Securities Repo Operation (SRO) will increase to $5,000 million for each counterparty.

  Content Type(s): Press, Market notices Source(s): Overnight reverse repo operations, Securities Repo Operations
• March 2, 2022

  Bank of Canada announces changes to its operations to reinforce its target for the overnight rate

  Today the Bank confirmed that monetary policy will continue to be implemented via a floor system where the interest rate on the deposit facility is equal to the target for the overnight rate. To reinforce the Bank’s overnight target rate in a floor system with excess settlement balances, the Bank is also announcing changes to its Overnight Reverse Repo (ORR) operations.

  Content Type(s): Press, Market notices Source(s): Overnight repo operations, Overnight reverse repo operations