Government of Canada Bond Purchase Program

Learn about the program, access information about upcoming operations, results and reporting, and find key contacts and related notices.

Program details

The Bank purchases Government of Canada nominal and real bonds in the secondary market to support market functioning and provide monetary stimulus. The Government of Canada Bond Purchase Program (GBPP) was established to address strains in the Government of Canada bond market, and to enhance the effectiveness of other actions taken to support core funding markets. More recently, as market conditions improved, the focus of the GBPP has shifted to supporting the resumption of growth in output and employment.

As part of the regular management of its balance sheet, the Bank routinely conducts primary market purchases of Government of Canada bonds on a non-competitive basis at Government of Canada securities auctions.

Operational details

Operations are conducted every week as cash purchases via reverse auction. The Bank also intends to purchase RRBs in the secondary market once per quarter. Program size may be adjusted as conditions warrant.

Maturity sectors and dates for upcoming operations are announced every second Monday, one week ahead of time. The Bank will announce specific operational details (including size, timing and the basket of eligible securities) at least one day ahead of each operation.

For additional operational details, see the full terms and conditions for this program.

Duration

The program will be adjusted as conditions warrant, and will continue until the economic recovery is well underway.

Operations

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Upcoming operations

Overview and details for the next operation will be provided at least one day ahead of each operation.

Overview

Reverse auction date Auction type Sector (Years) Deadline Settlement date Maximum total purchase amount
2021-08-03 Nominal 5 11:00 2021-08-05 400,000,000

Details

Reverse auction date Auction type Settlement date Coupon rate Maturity date ISIN Accrued interest start date Accrued interest end date Accrued interest rate (per $1000)
2021-08-03 Nominal 2021-08-05 1.250 2025-03-01 CA135087K528 2021-03-01 2021-08-05 5.37671233
2021-08-03 Nominal 2021-08-05 2.250 2025-06-01 CA135087D507 2021-06-01 2021-08-05 4.00684932
2021-08-03 Nominal 2021-08-05 9.000 2025-06-01 CA135087VH40 2021-06-01 2021-08-05 16.02739726
2021-08-03 Nominal 2021-08-05 0.500 2025-09-01 CA135087K940 2021-03-01 2021-08-05 2.15068493
2021-08-03 Nominal 2021-08-05 0.250 2026-03-01 CA135087L518 2021-03-01 2021-08-05 1.07534247
2021-08-03 Nominal 2021-08-05 1.500 2026-06-01 CA135087E679 2021-06-01 2021-08-05 2.67123288
2021-08-03 Nominal 2021-08-05 1.000 2026-09-01 CA135087L930 2021-04-16 2021-08-05 3.04109589
2021-08-03 Nominal 2021-08-05 1.000 2027-06-01 CA135087F825 2021-06-01 2021-08-05 1.78082192
2021-08-03 Nominal 2021-08-05 8.000 2027-06-01 CA135087VW17 2021-06-01 2021-08-05 14.24657534

Results

Shortly after each operation, the results overview and details will be announced.

Overview

Reverse auction date Auction type Sector (Years) Settlement date Total amount purchased
2021-07-29 Nominal 30 2021-08-03 250,000,000
2021-07-28 Nominal 5 2021-07-30 400,000,000
2021-07-27 Nominal 10 2021-07-29 450,000,000
2021-07-26 Nominal 2 2021-07-28 900,000,000
2021-07-22 Nominal 5 2021-07-26 450,000,000

Details

Reverse auction date Auction type Settlement date Coupon rate Maturity date ISIN Amount purchased ($M) Cutoff yield (%) Allotment ratio (%)
2021-07-29 Nominal 2021-08-03 5.000 2037-06-01 CA135087XW98 0.000 - 0.00000
2021-07-29 Nominal 2021-08-03 4.000 2041-06-01 CA135087YQ12 25.375 1.598 73.21429
2021-07-29 Nominal 2021-08-03 3.500 2045-12-01 CA135087ZS68 20.000 1.690 100.00000
2021-07-29 Nominal 2021-08-03 2.750 2048-12-01 CA135087D358 16.000 1.727 100.00000
2021-07-29 Nominal 2021-08-03 2.000 2051-12-01 CA135087H722 126.625 1.750 73.21429
2021-07-29 Nominal 2021-08-03 2.750 2064-12-01 CA135087C939 62.000 1.827 100.00000
2021-07-28 Nominal 2021-07-30 1.250 2025-03-01 CA135087K528 0.000 - 0.00000
2021-07-28 Nominal 2021-07-30 2.250 2025-06-01 CA135087D507 0.000 - 0.00000
2021-07-28 Nominal 2021-07-30 9.000 2025-06-01 CA135087VH40 0.000 - 0.00000
2021-07-28 Nominal 2021-07-30 0.500 2025-09-01 CA135087K940 94.546 0.718 94.54545
2021-07-28 Nominal 2021-07-30 0.250 2026-03-01 CA135087L518 255.454 0.789 94.54545
2021-07-28 Nominal 2021-07-30 1.500 2026-06-01 CA135087E679 50.000 0.792 100.00000
2021-07-28 Nominal 2021-07-30 1.000 2026-09-01 CA135087L930 0.000 - 0.00000
2021-07-28 Nominal 2021-07-30 1.000 2027-06-01 CA135087F825 0.000 - 0.00000
2021-07-28 Nominal 2021-07-30 8.000 2027-06-01 CA135087VW17 0.000 - 0.00000
2021-07-27 Nominal 2021-07-29 2.000 2028-06-01 CA135087H235 0.000 - 0.00000
2021-07-27 Nominal 2021-07-29 2.250 2029-06-01 CA135087J397 0.000 - 0.00000
2021-07-27 Nominal 2021-07-29 5.750 2029-06-01 CA135087WL43 0.000 - 0.00000
2021-07-27 Nominal 2021-07-29 1.250 2030-06-01 CA135087K379 166.000 1.116 92.80000
2021-07-27 Nominal 2021-07-29 0.500 2030-12-01 CA135087L443 50.000 1.175 100.00000
2021-07-27 Nominal 2021-07-29 1.500 2031-06-01 CA135087M276 209.000 1.226 100.00000
2021-07-27 Nominal 2021-07-29 5.750 2033-06-01 CA135087XG49 25.000 1.352 100.00000
2021-07-27 Nominal 2021-07-29 5.000 2037-06-01 CA135087XW98 0.000 - 0.00000
2021-07-26 Nominal 2021-07-28 0.250 2023-02-01 CA135087L773 0.000 - 0.00000
2021-07-26 Nominal 2021-07-28 1.750 2023-03-01 CA135087H490 0.000 - 0.00000
2021-07-26 Nominal 2021-07-28 0.250 2023-05-01 CA135087L856 100.000 0.393 100.00000
2021-07-26 Nominal 2021-07-28 1.500 2023-06-01 CA135087A610 0.000 - 0.00000
2021-07-26 Nominal 2021-07-28 8.000 2023-06-01 CA135087UT96 0.000 - 0.00000
2021-07-26 Nominal 2021-07-28 0.250 2023-08-01 CA135087M359 305.370 0.455 71.85185
2021-07-26 Nominal 2021-07-28 2.000 2023-09-01 CA135087H987 65.000 0.455 100.00000
2021-07-26 Nominal 2021-07-28 2.250 2024-03-01 CA135087J546 0.000 - 0.00000
2021-07-26 Nominal 2021-07-28 0.250 2024-04-01 CA135087L690 250.000 0.558 100.00000
2021-07-26 Nominal 2021-07-28 2.500 2024-06-01 CA135087B451 143.704 0.562 71.85185
2021-07-26 Nominal 2021-07-28 1.500 2024-09-01 CA135087J967 35.926 0.601 71.85185
2021-07-22 Nominal 2021-07-26 1.250 2025-03-01 CA135087K528 0.000 - 0.00000
2021-07-22 Nominal 2021-07-26 2.250 2025-06-01 CA135087D507 75.000 0.656 100.00000
2021-07-22 Nominal 2021-07-26 9.000 2025-06-01 CA135087VH40 0.000 - 0.00000
2021-07-22 Nominal 2021-07-26 0.500 2025-09-01 CA135087K940 12.000 0.711 100.00000
2021-07-22 Nominal 2021-07-26 0.250 2026-03-01 CA135087L518 228.000 0.782 32.00000
2021-07-22 Nominal 2021-07-26 1.500 2026-06-01 CA135087E679 50.000 0.790 100.00000
2021-07-22 Nominal 2021-07-26 1.000 2026-09-01 CA135087L930 85.000 0.854 100.00000
2021-07-22 Nominal 2021-07-26 1.000 2027-06-01 CA135087F825 0.000 - 0.00000
2021-07-22 Nominal 2021-07-26 8.000 2027-06-01 CA135087VW17 0.000 - 0.00000

Reporting

The Bank’s aggregate holdings of Government of Canada bonds are updated every Friday on the Bank’s weekly balance sheet.

The Bank’s individual holdings of all Government of Canada securities and federal government guaranteed debt securities issued by federal Crown corporations are available at Bank of Canada Holdings.

Key contacts


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


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

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