March 12, 2020
Access the upcoming operations, results and related notices for term repos, along with terms and conditions.
These operations, where assets are acquired temporarily through the secondary market, are conducted to manage the Bank’s balance sheet and to promote the orderly functioning of Canadian financial markets.
Upcoming Operations
| Auction Type | Offered Amount (Millions of dollars) | Operation Date | Settlement Date | Term (Days) | Maturity Date | Status | Minimum Bid Rate |
|---|---|---|---|---|---|---|---|
| Regular | 3,000 | 2020-07-14 | 2020-07-16 | 357 | 2021-07-08 | Final | - |
| Regular | 6,000 | 2020-07-14 | 2020-07-16 | 721 | 2022-07-07 | Final | - |
The total amount outstanding for term repo operations is $195,905 million, of which $195,905 million is regular and $0 million is NHA MBS. The anticipated amount outstanding after the next operation is $196,115 million, of which $196,115 million is regular and $0 million is NHA MBS.
Results
| Auction Type | Allocated Amount (Millions of dollars) | Operation Date | Settlement Date | Term (Days) | Maturity Date | Low Rate | Average Rate | High Rate |
|---|---|---|---|---|---|---|---|---|
| Regular | 0 | 2020-07-07 | 2020-07-09 | 182 | 2021-01-07 | - | 0.000 | - |
| Regular | 0 | 2020-07-07 | 2020-07-09 | 539 | 2021-12-30 | - | 0.000 | - |
| Regular | 0 | 2020-06-30 | 2020-07-02 | 357 | 2021-06-24 | - | 0.000 | - |
| Regular | 0 | 2020-06-30 | 2020-07-02 | 721 | 2022-06-23 | - | 0.000 | - |
| Regular | 0 | 2020-06-23 | 2020-06-25 | 175 | 2020-12-17 | - | 0.000 | - |
| Regular | 0 | 2020-06-23 | 2020-06-25 | 539 | 2021-12-16 | - | 0.000 | - |
| Regular | 0 | 2020-06-16 | 2020-06-18 | 448 | 2021-09-09 | - | 0.000 | - |
| Regular | 0 | 2020-06-16 | 2020-06-18 | 630 | 2022-03-10 | - | 0.000 | - |
| Regular | 0 | 2020-06-11 | 2020-06-15 | 360 | 2021-06-10 | - | 0.000 | - |
| Regular | 50 | 2020-06-11 | 2020-06-15 | 724 | 2022-06-09 | - | 0.350 | - |
| Regular | 0 | 2020-06-09 | 2020-06-11 | 182 | 2020-12-10 | - | 0.000 | - |
| Regular | 0 | 2020-06-09 | 2020-06-11 | 539 | 2021-12-02 | - | 0.000 | - |
| Regular | 50 | 2020-06-04 | 2020-06-08 | 269 | 2021-03-04 | - | 0.250 | - |
| Regular | 3,050 | 2020-06-04 | 2020-06-08 | 633 | 2022-03-03 | - | 0.350 | - |
| Regular | 10 | 2020-06-02 | 2020-06-04 | 91 | 2020-09-03 | - | 0.250 | - |
| Regular | 1,500 | 2020-06-02 | 2020-06-04 | 455 | 2021-09-02 | - | 0.320 | - |
| Regular | 750 | 2020-05-28 | 2020-06-01 | 360 | 2021-05-27 | - | 0.300 | - |
| Regular | 5,000 | 2020-05-28 | 2020-06-01 | 724 | 2022-05-26 | - | 0.330 | - |
| Regular | 20 | 2020-05-26 | 2020-05-28 | 182 | 2020-11-26 | - | 0.250 | - |
| Regular | 0 | 2020-05-26 | 2020-05-28 | 546 | 2021-11-25 | - | 0.000 | - |
| Regular | 20 | 2020-05-21 | 2020-05-25 | 185 | 2020-11-26 | - | 0.250 | - |
| Regular | 3,045 | 2020-05-21 | 2020-05-25 | 717 | 2022-05-12 | - | 0.310 | - |
| Regular | 30 | 2020-05-19 | 2020-05-21 | 91 | 2020-08-20 | - | 0.250 | - |
| Regular | 400 | 2020-05-19 | 2020-05-21 | 538 | 2021-11-10 | - | 0.300 | - |
| Regular | 750 | 2020-05-14 | 2020-05-19 | 359 | 2021-05-13 | - | 0.280 | - |
| Regular | 4,560 | 2020-05-14 | 2020-05-19 | 625 | 2022-02-03 | - | 0.310 | - |
| Regular | 0 | 2020-05-12 | 2020-05-14 | 273 | 2021-02-11 | - | 0.000 | - |
| Regular | 1,500 | 2020-05-12 | 2020-05-14 | 448 | 2021-08-05 | - | 0.290 | - |
| Regular | 70 | 2020-05-07 | 2020-05-11 | 87 | 2020-08-06 | - | 0.250 | - |
| Regular | 1,500 | 2020-05-07 | 2020-05-11 | 353 | 2021-04-29 | - | 0.320 | - |
| Regular | 0 | 2020-05-05 | 2020-05-07 | 175 | 2020-10-29 | - | 0.000 | - |
| Regular | 5,505 | 2020-05-05 | 2020-05-07 | 539 | 2021-10-28 | - | 0.357 | - |
| Regular | 0 | 2020-04-30 | 2020-05-04 | 87 | 2020-07-30 | - | 0.000 | - |
| Regular | 1,860 | 2020-04-30 | 2020-05-04 | 262 | 2021-01-21 | - | 0.344 | - |
| Regular | 180 | 2020-04-28 | 2020-04-30 | 182 | 2020-10-29 | - | 0.310 | - |
| Regular | 6,000 | 2020-04-28 | 2020-04-30 | 714 | 2022-04-14 | - | 0.466 | - |
| Regular | 1,010 | 2020-04-23 | 2020-04-27 | 87 | 2020-07-23 | - | 0.200 | - |
| Regular | 5,510 | 2020-04-23 | 2020-04-27 | 360 | 2021-04-22 | - | 0.213 | - |
| Regular | 2,700 | 2020-04-21 | 2020-04-23 | 175 | 2020-10-15 | - | 0.211 | - |
| Regular | 5,065 | 2020-04-21 | 2020-04-23 | 350 | 2021-04-08 | - | 0.214 | - |
| Regular | 4,000 | 2020-04-16 | 2020-04-20 | 87 | 2020-07-16 | - | 0.184 | - |
| Regular | 8,000 | 2020-04-16 | 2020-04-20 | 360 | 2021-04-15 | - | 0.188 | - |
| Regular | 4,000 | 2020-04-14 | 2020-04-16 | 175 | 2020-10-08 | - | 0.201 | - |
| Regular | 8,000 | 2020-04-14 | 2020-04-16 | 364 | 2021-04-15 | - | 0.227 | - |
| Regular | 4,790 | 2020-04-09 | 2020-04-14 | 93 | 2020-07-16 | - | 0.208 | - |
| Regular | 9,740 | 2020-04-09 | 2020-04-14 | 359 | 2021-04-08 | - | 0.352 | - |
| Regular | 8,000 | 2020-04-07 | 2020-04-09 | 175 | 2020-10-01 | - | 0.508 | - |
| Regular | 15,240 | 2020-04-07 | 2020-04-09 | 364 | 2021-04-08 | - | 0.600 | - |
| Regular | 8,000 | 2020-04-02 | 2020-04-06 | 87 | 2020-07-02 | - | 0.364 | - |
| Regular | 16,000 | 2020-04-02 | 2020-04-06 | 360 | 2021-04-01 | - | 0.869 | - |
| NHA MBS1 | 2,000 | 2020-03-31 | 2020-04-02 | 91 | 2020-07-02 | - | 0.458 | - |
| Regular | 8,000 | 2020-03-31 | 2020-04-02 | 175 | 2020-09-24 | - | 0.719 | - |
| Regular | 12,000 | 2020-03-31 | 2020-04-02 | 364 | 2021-04-01 | - | 0.907 | - |
| NHA MBS1 | 4,000 | 2020-03-26 | 2020-03-30 | 87 | 2020-06-25 | - | 0.537 | - |
| Regular | 20,000 | 2020-03-26 | 2020-03-30 | 360 | 2021-03-25 | - | 0.933 | - |
| Regular | 4,000 | 2020-03-24 | 2020-03-26 | 175 | 2020-09-17 | - | 0.594 | - |
| Regular | 8,000 | 2020-03-24 | 2020-03-26 | 357 | 2021-03-18 | - | 0.808 | - |
| NHA MBS1 | 2,000 | 2020-03-19 | 2020-03-20 | 90 | 2020-06-18 | 0.500 | 0.518 | 0.530 |
| Regular | 9,000 | 2020-03-19 | 2020-03-20 | 356 | 2021-03-11 | 0.330 | 0.523 | 1.010 |
| Regular | 4,000 | 2020-03-17 | 2020-03-19 | 168 | 2020-09-03 | 0.280 | 0.363 | 0.500 |
| Regular | 3,000 | 2020-03-17 | 2020-03-19 | 350 | 2021-03-04 | 0.260 | 0.343 | 0.500 |
| Regular | 3,420 | 2020-03-10 | 2020-03-12 | 28 | 2020-04-09 | 1.100 | 1.102 | 1.130 |
| Regular | 3,000 | 2020-03-10 | 2020-03-12 | 85 | 2020-06-05 | 0.820 | 0.842 | 0.880 |
| Regular | 4,370 | 2020-02-25 | 2020-02-27 | 28 | 2020-03-26 | 1.700 | 1.708 | 1.730 |
| NHA MBS1 | 300 | 2020-02-25 | 2020-02-27 | 28 | 2020-03-26 | 1.800 | 1.800 | 1.800 |
| Regular | 4,100 | 2020-02-11 | 2020-02-13 | 28 | 2020-03-12 | 1.740 | 1.746 | 1.760 |
| Regular | 2,400 | 2020-02-11 | 2020-02-13 | 84 | 2020-05-07 | 1.720 | 1.737 | 1.750 |
| Regular | 3,400 | 2020-01-28 | 2020-01-30 | 28 | 2020-02-27 | 1.750 | 1.754 | 1.760 |
| NHA MBS1 | 300 | 2020-01-28 | 2020-01-30 | 28 | 2020-02-27 | 1.850 | 1.850 | 1.850 |
| Regular | 3,300 | 2020-01-14 | 2020-01-16 | 28 | 2020-02-13 | 1.750 | 1.758 | 1.760 |
| Regular | 2,300 | 2020-01-14 | 2020-01-16 | 84 | 2020-04-09 | 1.750 | 1.754 | 1.760 |
| Regular | 3,700 | 2019-12-30 | 2020-01-03 | 27 | 2020-01-30 | 1.750 | 1.757 | 1.770 |
| NHA MBS1 | 325 | 2019-12-30 | 2020-01-03 | 27 | 2020-01-30 | 1.850 | 1.850 | 1.850 |
| Regular | 3,500 | 2019-12-17 | 2019-12-19 | 28 | 2020-01-16 | 1.750 | 1.759 | 1.770 |
| Regular | 2,000 | 2019-12-17 | 2019-12-19 | 84 | 2020-03-12 | 1.750 | 1.762 | 1.770 |
| Regular | 2,400 | 2019-12-10 | 2019-12-12 | 28 | 2020-01-09 | 1.750 | 1.765 | 1.770 |
| Regular | 3,600 | 2019-12-05 | 2019-12-06 | 28 | 2020-01-03 | 1.760 | 1.770 | 1.780 |
| NHA MBS1 | 450 | 2019-12-05 | 2019-12-06 | 28 | 2020-01-03 | 1.860 | 1.863 | 1.870 |
| Regular | 3,500 | 2019-11-19 | 2019-11-21 | 28 | 2019-12-19 | 1.730 | 1.741 | 1.760 |
| Regular | 1,800 | 2019-11-19 | 2019-11-21 | 84 | 2020-02-13 | 1.710 | 1.716 | 1.750 |
| Regular | 3,500 | 2019-11-05 | 2019-11-07 | 29 | 2019-12-06 | 1.750 | 1.766 | 1.780 |
| NHA MBS1 | 400 | 2019-11-05 | 2019-11-07 | 29 | 2019-12-06 | 1.850 | 1.853 | 1.860 |
| Regular | 3,200 | 2019-10-22 | 2019-10-24 | 28 | 2019-11-21 | 1.750 | 1.753 | 1.770 |
| Regular | 1,800 | 2019-10-22 | 2019-10-24 | 84 | 2020-01-16 | 1.730 | 1.749 | 1.760 |
| Regular | 3,100 | 2019-10-08 | 2019-10-10 | 28 | 2019-11-07 | 1.740 | 1.751 | 1.770 |
| NHA MBS1 | 500 | 2019-10-08 | 2019-10-10 | 28 | 2019-11-07 | 1.830 | 1.836 | 1.840 |
| Regular | 3,100 | 2019-09-24 | 2019-09-26 | 28 | 2019-10-24 | 1.750 | 1.756 | 1.770 |
| Regular | 1,800 | 2019-09-24 | 2019-09-26 | 84 | 2019-12-19 | 1.740 | 1.744 | 1.760 |
| Regular | 3,000 | 2019-09-10 | 2019-09-12 | 28 | 2019-10-10 | 1.770 | 1.771 | 1.780 |
| NHA MBS1 | 500 | 2019-09-10 | 2019-09-12 | 28 | 2019-10-10 | 1.850 | 1.862 | 1.870 |
| Regular | 3,200 | 2019-08-27 | 2019-08-29 | 28 | 2019-09-26 | 1.730 | 1.741 | 1.750 |
| Regular | 1,800 | 2019-08-27 | 2019-08-29 | 84 | 2019-11-21 | 1.690 | 1.707 | 1.720 |
| Regular | 3,100 | 2019-08-13 | 2019-08-15 | 28 | 2019-09-12 | 1.740 | 1.746 | 1.760 |
| Regular | 2,900 | 2019-07-30 | 2019-08-01 | 28 | 2019-08-29 | 1.750 | 1.766 | 1.780 |
| Regular | 1,400 | 2019-07-30 | 2019-08-01 | 84 | 2019-10-24 | 1.750 | 1.759 | 1.770 |
| Regular | 2,900 | 2019-07-16 | 2019-07-18 | 28 | 2019-08-15 | 1.750 | 1.761 | 1.780 |
| Regular | 2,900 | 2019-07-02 | 2019-07-04 | 28 | 2019-08-01 | 1.740 | 1.755 | 1.770 |
| Regular | 1,400 | 2019-07-02 | 2019-07-04 | 84 | 2019-09-26 | 1.730 | 1.748 | 1.760 |
| Regular | 3,200 | 2019-06-18 | 2019-06-20 | 28 | 2019-07-18 | 1.750 | 1.763 | 1.770 |
| Regular | 1,400 | 2019-06-04 | 2019-06-06 | 84 | 2019-08-29 | 1.770 | 1.773 | 1.780 |
| Regular | 1,400 | 2019-05-07 | 2019-05-09 | 84 | 2019-08-01 | 1.770 | 1.780 | 1.780 |
Related Notices
August 21, 2019
Expansion of Term Repo Operations for balance sheet management purposes
As part of the regular management of the Bank of Canada’s (Bank) balance sheet, the Bank acquires assets to offset its liabilities, which consists mainly of bank notes in circulation and government deposits.
Content Type(s):
Press,
Market Notices
Source(s):
Term Repo Operations
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