Overnight Reverse Repos (ORR)

Access information about upcoming operations, results and reporting—and find key contacts and related notices.

Announcement: Effective March 3, 2022, the terms and conditions for Overnight Reverse Repos (ORRs) were changed to reflect implementing monetary policy in a floor system.

Program details

These operations are conducted to further support the effective implementation of monetary policy by withdrawing intraday liquidity.

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

Operations

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Upcoming operations

Details for the next operation will be provided in this table on the morning of the operation.

Operation date Deadline Settlement date Maturity date Operation amount ($M) Fixed rate

Results

Results will be updated in this table shortly after each operation.

Operation date Deadline Settlement date Maturity date Operation amount ($M) Allocated amount ($M) Fixed rate
2022-07-04 10:45 2022-07-04 2022-07-05 21,743 8,364 1.500
2022-06-30 10:45 2022-06-30 2022-07-04 23,384 7,523 1.500
2022-06-29 10:45 2022-06-29 2022-06-30 21,878 4,895 1.500
2022-06-28 10:45 2022-06-28 2022-06-29 22,305 10,369 1.500
2022-06-27 10:45 2022-06-27 2022-06-28 21,558 9,269 1.500
2022-06-24 10:45 2022-06-24 2022-06-27 21,704 8,652 1.500
2022-06-23 10:45 2022-06-23 2022-06-24 20,940 7,419 1.500
2022-06-22 10:45 2022-06-22 2022-06-23 23,042 10,521 1.500
2022-06-21 10:45 2022-06-21 2022-06-22 20,067 10,146 1.500
2022-06-20 10:45 2022-06-20 2022-06-21 21,911 10,149 1.500

Reporting

The Bank’s aggregate amount of securities sold under repurchase agreement and holdings of Government of Canada bonds and treasury bill 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

March 2, 2022

Bank of Canada announces changes to its operations to reinforce its target for the overnight rate

Today the Bank confirmed that monetary policy will continue to be implemented via a floor system where the interest rate on the deposit facility is equal to the target for the overnight rate. To reinforce the Bank’s overnight target rate in a floor system with excess settlement balances, the Bank is also announcing changes to its Overnight Reverse Repo (ORR) operations.