As part of the Bank of Canada’s Provincial Money Market Purchase (PMMP) program, the Bank was allocated $279.21 million of provincial treasury bills and/or promissory notes.
Consistent with the announcement that the Bank of Canada (the Bank), acting as fiscal agent, will extend its buybacks across all benchmark maturity sectors, the Bank is announcing today the following operations for the next two weeks.
Consistent with the direction from G7 Leaders, we are taking action and enhancing coordination on our dynamic domestic and international policy efforts to respond to the global health, economic, and financial impacts associated with the spread of the coronavirus disease 2019 (COVID-19).
A further expansion of eligible collateral for Term Repo operations, in addition to the changes previously announced by the Bank on March 16th and March 18th, are being made effective immediately.
In order to support the well-functioning of the Government of Canada securities markets, the Bank of Canada and the Department of Finance announced a change to the frequency for Treasury Bill auctions.