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

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)

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
2022-01-27 Nominal 30 2022-01-31 150,000,000
2022-01-25 Nominal 5 2022-01-27 250,000,000
2022-01-20 Nominal 2 2022-01-24 600,000,000
2022-01-19 Nominal 10 2022-01-21 300,000,000
2022-01-13 Nominal 2 2022-01-17 600,000,000

Details

Reverse auction date Auction type Settlement date Coupon rate Maturity date ISIN Amount purchased ($M) Cutoff yield (%) Allotment ratio (%)
2022-01-27 Nominal 2022-01-31 5.000 2037-06-01 CA135087XW98 0.000 - 0.00000
2022-01-27 Nominal 2022-01-31 4.000 2041-06-01 CA135087YQ12 0.000 - 0.00000
2022-01-27 Nominal 2022-01-31 3.500 2045-12-01 CA135087ZS68 10.000 1.995 100.00000
2022-01-27 Nominal 2022-01-31 2.750 2048-12-01 CA135087D358 15.000 1.985 100.00000
2022-01-27 Nominal 2022-01-31 2.000 2051-12-01 CA135087H722 25.000 1.982 100.00000
2022-01-27 Nominal 2022-01-31 1.750 2053-12-01 CA135087M680 50.000 2.014 100.00000
2022-01-27 Nominal 2022-01-31 2.750 2064-12-01 CA135087C939 50.000 2.063 52.63158
2022-01-25 Nominal 2022-01-27 2.250 2025-06-01 CA135087D507 0.000 - 0.00000
2022-01-25 Nominal 2022-01-27 9.000 2025-06-01 CA135087VH40 0.000 - 0.00000
2022-01-25 Nominal 2022-01-27 0.500 2025-09-01 CA135087K940 21.000 1.527 100.00000
2022-01-25 Nominal 2022-01-27 0.250 2026-03-01 CA135087L518 38.000 1.573 100.00000
2022-01-25 Nominal 2022-01-27 1.500 2026-06-01 CA135087E679 0.000 - 0.00000
2022-01-25 Nominal 2022-01-27 1.000 2026-09-01 CA135087L930 53.055 1.614 42.44444
2022-01-25 Nominal 2022-01-27 1.250 2027-03-01 CA135087M847 137.945 1.649 42.44444
2022-01-25 Nominal 2022-01-27 1.000 2027-06-01 CA135087F825 0.000 - 0.00000
2022-01-25 Nominal 2022-01-27 8.000 2027-06-01 CA135087VW17 0.000 - 0.00000
2022-01-20 Nominal 2022-01-24 2.000 2023-09-01 CA135087H987 0.000 - 0.00000
2022-01-20 Nominal 2022-01-24 0.500 2023-11-01 CA135087M763 167.647 1.266 55.88235
2022-01-20 Nominal 2022-01-24 0.750 2024-02-01 CA135087M920 112.941 1.325 55.88235
2022-01-20 Nominal 2022-01-24 2.250 2024-03-01 CA135087J546 0.000 - 0.00000
2022-01-20 Nominal 2022-01-24 0.250 2024-04-01 CA135087L690 13.971 1.356 55.88235
2022-01-20 Nominal 2022-01-24 2.500 2024-06-01 CA135087B451 50.000 1.371 100.00000
2022-01-20 Nominal 2022-01-24 1.500 2024-09-01 CA135087J967 40.000 1.412 100.00000
2022-01-20 Nominal 2022-01-24 0.750 2024-10-01 CA135087M508 175.441 1.451 55.88235
2022-01-20 Nominal 2022-01-24 1.250 2025-03-01 CA135087K528 40.000 1.528 100.00000
2022-01-19 Nominal 2022-01-21 2.000 2028-06-01 CA135087H235 0.000 - 0.00000
2022-01-19 Nominal 2022-01-21 2.250 2029-06-01 CA135087J397 60.000 1.745 57.14286
2022-01-19 Nominal 2022-01-21 5.750 2029-06-01 CA135087WL43 0.000 - 0.00000
2022-01-19 Nominal 2022-01-21 1.250 2030-06-01 CA135087K379 25.000 1.789 100.00000
2022-01-19 Nominal 2022-01-21 0.500 2030-12-01 CA135087L443 0.000 - 0.00000
2022-01-19 Nominal 2022-01-21 1.500 2031-06-01 CA135087M276 25.000 1.864 100.00000
2022-01-19 Nominal 2022-01-21 1.500 2031-12-01 CA135087N266 190.000 1.922 100.00000
2022-01-19 Nominal 2022-01-21 5.750 2033-06-01 CA135087XG49 0.000 - 0.00000
2022-01-19 Nominal 2022-01-21 5.000 2037-06-01 CA135087XW98 0.000 - 0.00000
2022-01-13 Nominal 2022-01-17 2.000 2023-09-01 CA135087H987 50.000 1.063 100.00000
2022-01-13 Nominal 2022-01-17 0.500 2023-11-01 CA135087M763 0.000 - 0.00000
2022-01-13 Nominal 2022-01-17 0.750 2024-02-01 CA135087M920 50.000 1.181 100.00000
2022-01-13 Nominal 2022-01-17 2.250 2024-03-01 CA135087J546 0.000 - 0.00000
2022-01-13 Nominal 2022-01-17 0.250 2024-04-01 CA135087L690 38.333 1.215 76.66667
2022-01-13 Nominal 2022-01-17 2.500 2024-06-01 CA135087B451 0.000 - 0.00000
2022-01-13 Nominal 2022-01-17 1.500 2024-09-01 CA135087J967 50.000 1.273 100.00000
2022-01-13 Nominal 2022-01-17 0.750 2024-10-01 CA135087M508 361.667 1.319 76.66667
2022-01-13 Nominal 2022-01-17 1.250 2025-03-01 CA135087K528 50.000 1.377 100.00000

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

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