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

Our Valet API is designed to help you integrate your applications and processes with our data. For details, please see our documentation.

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
2021-10-18 Nominal 5 11:00 2021-10-20 400,000,000

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)
2021-10-18 Nominal 2021-10-20 1.250 2025-03-01 CA135087K528 2021-09-01 2021-10-20 1.67808219
2021-10-18 Nominal 2021-10-20 2.250 2025-06-01 CA135087D507 2021-06-01 2021-10-20 8.69178082
2021-10-18 Nominal 2021-10-20 9.000 2025-06-01 CA135087VH40 2021-06-01 2021-10-20 34.76712329
2021-10-18 Nominal 2021-10-20 0.500 2025-09-01 CA135087K940 2021-09-01 2021-10-20 0.67123288
2021-10-18 Nominal 2021-10-20 0.250 2026-03-01 CA135087L518 2021-09-01 2021-10-20 0.33561644
2021-10-18 Nominal 2021-10-20 1.500 2026-06-01 CA135087E679 2021-06-01 2021-10-20 5.79452055
2021-10-18 Nominal 2021-10-20 1.000 2026-09-01 CA135087L930 2021-09-01 2021-10-20 1.34246575
2021-10-18 Nominal 2021-10-20 1.000 2027-06-01 CA135087F825 2021-06-01 2021-10-20 3.86301370
2021-10-18 Nominal 2021-10-20 8.000 2027-06-01 CA135087VW17 2021-06-01 2021-10-20 30.90410959

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
2021-10-15 Nominal 2 2021-10-19 777,000,000
2021-10-14 Nominal 30 2021-10-18 250,000,000
2021-10-13 Nominal 5 2021-10-15 400,000,000
2021-10-12 Nominal 10 2021-10-14 450,000,000
2021-10-07 Nominal 30 2021-10-12 250,000,000

Details

Reverse auction date Auction type Settlement date Coupon rate Maturity date ISIN Amount purchased ($M) Cutoff yield (%) Allotment ratio (%)
2021-10-15 Nominal 2021-10-19 0.250 2023-05-01 CA135087L856 0.000 - 0.00000
2021-10-15 Nominal 2021-10-19 1.500 2023-06-01 CA135087A610 0.000 - 0.00000
2021-10-15 Nominal 2021-10-19 8.000 2023-06-01 CA135087UT96 0.000 - 0.00000
2021-10-15 Nominal 2021-10-19 0.250 2023-08-01 CA135087M359 100.000 0.673 100.00000
2021-10-15 Nominal 2021-10-19 2.000 2023-09-01 CA135087H987 52.000 0.709 100.00000
2021-10-15 Nominal 2021-10-19 0.500 2023-11-01 CA135087M763 450.000 0.744 100.00000
2021-10-15 Nominal 2021-10-19 2.250 2024-03-01 CA135087J546 0.000 - 0.00000
2021-10-15 Nominal 2021-10-19 0.250 2024-04-01 CA135087L690 0.000 - 0.00000
2021-10-15 Nominal 2021-10-19 2.500 2024-06-01 CA135087B451 0.000 - 0.00000
2021-10-15 Nominal 2021-10-19 1.500 2024-09-01 CA135087J967 175.000 0.888 100.00000
2021-10-14 Nominal 2021-10-18 5.000 2037-06-01 CA135087XW98 11.000 1.773 26.82927
2021-10-14 Nominal 2021-10-18 4.000 2041-06-01 CA135087YQ12 50.000 1.874 100.00000
2021-10-14 Nominal 2021-10-18 3.500 2045-12-01 CA135087ZS68 0.000 - 0.00000
2021-10-14 Nominal 2021-10-18 2.750 2048-12-01 CA135087D358 30.000 1.977 100.00000
2021-10-14 Nominal 2021-10-18 2.000 2051-12-01 CA135087H722 42.000 1.997 100.00000
2021-10-14 Nominal 2021-10-18 1.750 2053-12-01 CA135087M680 78.000 2.035 100.00000
2021-10-14 Nominal 2021-10-18 2.750 2064-12-01 CA135087C939 39.000 2.100 100.00000
2021-10-13 Nominal 2021-10-15 1.250 2025-03-01 CA135087K528 0.000 - 0.00000
2021-10-13 Nominal 2021-10-15 2.250 2025-06-01 CA135087D507 0.000 - 0.00000
2021-10-13 Nominal 2021-10-15 9.000 2025-06-01 CA135087VH40 0.000 - 0.00000
2021-10-13 Nominal 2021-10-15 0.500 2025-09-01 CA135087K940 188.000 1.099 100.00000
2021-10-13 Nominal 2021-10-15 0.250 2026-03-01 CA135087L518 0.000 - 0.00000
2021-10-13 Nominal 2021-10-15 1.500 2026-06-01 CA135087E679 30.000 1.181 100.00000
2021-10-13 Nominal 2021-10-15 1.000 2026-09-01 CA135087L930 159.000 1.241 21.23077
2021-10-13 Nominal 2021-10-15 1.000 2027-06-01 CA135087F825 23.000 1.282 100.00000
2021-10-13 Nominal 2021-10-15 8.000 2027-06-01 CA135087VW17 0.000 - 0.00000
2021-10-12 Nominal 2021-10-14 2.000 2028-06-01 CA135087H235 125.000 1.390 100.00000
2021-10-12 Nominal 2021-10-14 2.250 2029-06-01 CA135087J397 25.000 1.451 100.00000
2021-10-12 Nominal 2021-10-14 5.750 2029-06-01 CA135087WL43 0.000 - 0.00000
2021-10-12 Nominal 2021-10-14 1.250 2030-06-01 CA135087K379 0.000 - 0.00000
2021-10-12 Nominal 2021-10-14 0.500 2030-12-01 CA135087L443 0.000 - 0.00000
2021-10-12 Nominal 2021-10-14 1.500 2031-06-01 CA135087M276 300.000 1.651 90.09009
2021-10-12 Nominal 2021-10-14 5.750 2033-06-01 CA135087XG49 0.000 - 0.00000
2021-10-12 Nominal 2021-10-14 5.000 2037-06-01 CA135087XW98 0.000 - 0.00000
2021-10-07 Nominal 2021-10-12 5.000 2037-06-01 CA135087XW98 0.000 - 0.00000
2021-10-07 Nominal 2021-10-12 4.000 2041-06-01 CA135087YQ12 0.000 - 0.00000
2021-10-07 Nominal 2021-10-12 3.500 2045-12-01 CA135087ZS68 10.000 1.980 100.00000
2021-10-07 Nominal 2021-10-12 2.750 2048-12-01 CA135087D358 10.000 2.006 100.00000
2021-10-07 Nominal 2021-10-12 2.000 2051-12-01 CA135087H722 19.565 2.034 17.78656
2021-10-07 Nominal 2021-10-12 1.750 2053-12-01 CA135087M680 165.435 2.070 17.78656
2021-10-07 Nominal 2021-10-12 2.750 2064-12-01 CA135087C939 45.000 2.143 100.00000

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

Subscribe to Related notices
Related notices

Go To Page