October 15, 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 | 2020-11-17 | 2020-11-19 | 350 | 2021-11-04 | Final | - |
| Regular | 6,000 | 2020-11-17 | 2020-11-19 | 714 | 2022-11-03 | Final | - |
The total amount outstanding for term repo operations is $155,805 million, of which $155,805 million is regular and $0 million is NHA MBS. The anticipated amount outstanding after the next operation is $164,805 million, of which $164,805 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 | 2020-11-03 | 2020-11-05 | 182 | 2021-05-06 | - | 0.000 | - |
| Regular | 0 | 2020-11-03 | 2020-11-05 | 539 | 2022-04-28 | - | 0.000 | - |
| Regular | 0 | 2020-10-20 | 2020-10-22 | 357 | 2021-10-14 | - | 0.000 | - |
| Regular | 0 | 2020-10-20 | 2020-10-22 | 721 | 2022-10-13 | - | 0.000 | - |
| Regular | 0 | 2020-10-13 | 2020-10-15 | 168 | 2021-04-01 | - | 0.000 | - |
| Regular | 0 | 2020-10-13 | 2020-10-15 | 546 | 2022-04-14 | - | 0.000 | - |
| Regular | 0 | 2020-10-06 | 2020-10-08 | 364 | 2021-10-07 | - | 0.000 | - |
| Regular | 0 | 2020-10-06 | 2020-10-08 | 728 | 2022-10-06 | - | 0.000 | - |
| Regular | 0 | 2020-09-29 | 2020-10-01 | 168 | 2021-03-18 | - | 0.000 | - |
| Regular | 0 | 2020-09-29 | 2020-10-01 | 546 | 2022-03-31 | - | 0.000 | - |
| Regular | 0 | 2020-09-22 | 2020-09-24 | 364 | 2021-09-23 | - | 0.000 | - |
| Regular | 0 | 2020-09-22 | 2020-09-24 | 728 | 2022-09-22 | - | 0.000 | - |
| Regular | 265 | 2020-09-15 | 2020-09-17 | 168 | 2021-03-04 | - | 0.250 | - |
| Regular | 0 | 2020-09-15 | 2020-09-17 | 546 | 2022-03-17 | - | 0.000 | - |
| Regular | 0 | 2020-09-08 | 2020-09-10 | 364 | 2021-09-09 | - | 0.000 | - |
| Regular | 0 | 2020-09-08 | 2020-09-10 | 728 | 2022-09-08 | - | 0.000 | - |
| Regular | 120 | 2020-09-01 | 2020-09-03 | 175 | 2021-02-25 | - | 0.250 | - |
| Regular | 0 | 2020-09-01 | 2020-09-03 | 546 | 2022-03-03 | - | 0.000 | - |
| Regular | 0 | 2020-08-25 | 2020-08-27 | 357 | 2021-08-19 | - | 0.000 | - |
| Regular | 50 | 2020-08-25 | 2020-08-27 | 721 | 2022-08-18 | - | 0.370 | - |
| Regular | 105 | 2020-08-18 | 2020-08-20 | 182 | 2021-02-18 | - | 0.250 | - |
| Regular | 0 | 2020-08-18 | 2020-08-20 | 539 | 2022-02-10 | - | 0.000 | - |
| Regular | 0 | 2020-08-11 | 2020-08-13 | 364 | 2021-08-12 | - | 0.000 | - |
| Regular | 0 | 2020-08-11 | 2020-08-13 | 728 | 2022-08-11 | - | 0.000 | - |
| Regular | 110 | 2020-08-04 | 2020-08-06 | 175 | 2021-01-28 | - | 0.250 | - |
| Regular | 0 | 2020-08-04 | 2020-08-06 | 539 | 2022-01-27 | - | 0.000 | - |
| Regular | 0 | 2020-07-28 | 2020-07-30 | 357 | 2021-07-22 | - | 0.000 | - |
| Regular | 0 | 2020-07-28 | 2020-07-30 | 721 | 2022-07-21 | - | 0.000 | - |
| Regular | 40 | 2020-07-21 | 2020-07-23 | 182 | 2021-01-21 | - | 0.250 | - |
| Regular | 0 | 2020-07-21 | 2020-07-23 | 539 | 2022-01-13 | - | 0.000 | - |
| Regular | 0 | 2020-07-14 | 2020-07-16 | 357 | 2021-07-08 | - | 0.000 | - |
| Regular | 0 | 2020-07-14 | 2020-07-16 | 721 | 2022-07-07 | - | 0.000 | - |
| 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 | 1,800 | 2019-09-24 | 2019-09-26 | 84 | 2019-12-19 | 1.740 | 1.744 | 1.760 |
| Regular | 1,800 | 2019-08-27 | 2019-08-29 | 84 | 2019-11-21 | 1.690 | 1.707 | 1.720 |
Related Notices
June 3, 2020
With substantial improvements in short-term funding conditions recently, as well as reduced participation since mid-April in the Bank’s extended Term Repo and Bankers’ Acceptance Purchase Facility (BAPF) operations, the Bank is making amendments to these programs.
Bank of Canada Announces Changes to Term Repo Operations and Bankers’ Acceptance Purchase Facility
Content Type(s):
Press,
Market notices
Source(s):
Bankers’ Acceptance Purchase Facility,
Term Repo Operations
April 21, 2020
Following the announcement of the Bank of Canada’s new market operations to improve market functioning to support its monetary policy actions, the Term Repo terms and conditions have been revised to include term repos up to 24 months.
Bank of Canada Announces Further Enhancements to its Term Repo Operations
Content Type(s):
Press,
Market notices
Source(s):
Term Repo Operations
March 23, 2020
A further expansion of eligible collateral for Term Repo operations, in addition to the changes previously announced by the Bank on March 16th and March 18th, are being made effective immediately.
Bank of Canada Announces Additional Changes to the List of Eligible Securities for its Term Repo Operations
Content Type(s):
Press,
Market notices
Source(s):
Term Repo Operations
March 20, 2020
The Bank is announcing four measures today designed to support market functioning given the rapidly evolving uncertainty around the impact of COVID-19.
Bank of Canada Announces Additional Measures to Support Market Functioning
Content Type(s):
Press,
Market notices
Source(s):
Contingent Term Repo Facility,
Term Repo Operations