Browse press

Results of the 27 November 2008 Sale of Treasury Bills.

The results of today's term PRA operations are as follows:

As outlined in the Terms of the Canadian Lenders Assurance Facility, the Bank of Canada will act as Administrative Agent for the Government of Canada for this facility and be responsible for daily operational activities. In support of this role, the Bank will make available a register of all approved and guaranteed issues on its web site.

The Bank of Canada announced today that Deputy Governor Sheryl Kennedy has decided to leave the Bank to pursue other interests.

The Department of Finance and the Bank of Canada are seeking the views of government securities distributors, institutional investors, and other interested parties on issues relating to the design and operation of the domestic Government of Canada debt program for the remainder of the current fiscal year, 2009/10, and over the medium term, including issuance related to the Insured Mortgage Purchase Program (IMPP). Representatives from Canada Mortgage and Housing Corporation (CMHC) will also participate in these consultations.

The Bank of Canada announced today it will sell $1.45 billion of its holdings of treasury bills. This transaction will partially offset the temporary increase in assets associated with the term purchase and resale transactions announced today.

In accordance with the schedule of term purchase and resale agreement (PRA) auctions announced on 3 November, the Bank of Canada announced today that it will enter into a 26-day term PRA transaction as follows:

The results of today's term PRA operations are as follows:

The results of today's TLF operation are as follows:

The minimum bid rate for today's 14-day Term PRA Facility for Private Sector Money Market Instruments is 2.840%.