Provincial Money Market Purchase Program

Learn about the program, access its results and reporting, and find key contacts and related notices.

Program Details

The Provincial Money Market Purchase (PMMP) program is an asset purchase facility that acquires provincially-issued money market securities through the primary issuance market. This program supports a liquid and well-functioning market for short-term provincial borrowing.

Operational details

Under the PMMP, the Bank will purchase up to 40 percent of each offering of directly-issued provincial money market securities through the primary issuance market. The 40 percent limit may be adjusted if market conditions warrant.

Eligible issuers

All Canadian provinces.

Eligible securities

Directly-issued provincial money market securities with terms to maturity of 12 months or less will be eligible for purchase. This includes treasury bills and short-term promissory notes.

Results

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Before 16:00 (ET) on each day the program is active, the total amount of treasury bills and/or promissory notes allocated to the Bank will be announced in this table.

Date Amount Allocated ($M)
2020-07-09 214.000
2020-07-08 220.000
2020-07-03 5.000
2020-07-02 430.000
2020-06-25 212.000
2020-06-24 220.000
2020-06-18 214.000
2020-06-17 220.000
2020-06-11 212.000
2020-06-10 220.000
2020-06-04 198.000
2020-06-03 160.000
2020-05-28 212.000
2020-05-27 220.000
2020-05-21 238.000
2020-05-20 220.000
2020-05-19 10.000
2020-05-14 272.000
2020-05-13 220.000
2020-05-12 10.000
2020-05-07 258.000
2020-05-06 220.000
2020-05-05 57.000
2020-04-30 352.000
2020-04-29 220.000
2020-04-28 10.000
2020-04-24 120.000
2020-04-23 254.000
2020-04-22 480.000
2020-04-21 14.000
2020-04-16 462.000
2020-04-15 480.000
2020-04-14 10.000
2020-04-09 298.000
2020-04-08 480.000
2020-04-06 188.800
2020-04-02 417.000
2020-04-01 336.116
2020-03-31 10.000
2020-03-30 162.000
2020-03-26 121.100
2020-03-25 279.210

Reporting

The Bank reports its aggregate holdings of provincial money market securities acquired through the PMMP program every Friday on the Bank’s weekly balance sheet. The first results of this program are reported on March 25, 2020.

Due to confidentiality considerations, the names of individual issuers and securities purchased will not be published.

Key contacts


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


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

Related notices