Bank of Canada announces changes to securities repo operations
Notice - Friday, January 22, 2021, 15:00 (ET)
In line with its objectives to support core funding markets and to foster the well-functioning of the Government of Canada securities market, the Bank of Canada is announcing changes to securities repo operations (SROs).
The maximum total bidding amount across all securities in the SRO will increase to $1,000 million for each eligible participant effective Monday, January 25, 2021. At the same time, the maximum bid rate will be set at 15bps. The Bank, at its discretion, may adjust the size, pricing and other parameters of the program to achieve its objectives. The terms and conditions of the SRO provide operational details.
CBN to charge protection fees on non-interest securities
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Non-Interest Securities: CBN to charge protection fees
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Operational details for upcoming secondary market purchases of Government of Canada securities (January 4-15)
Notice - Friday, December 18, 2020, 14:00 (ET)
As previously announced, the Bank of Canada (the Bank) launched on April 1, 2020 a program to purchase Government of Canada securities in the secondary market – the Government Bond Purchase Program (GBPP). The GBPP operations for the two-week period beginning January 4, 2021 are announced below.
The Bank will conduct the following purchase operations the week of January 4:
Tuesday, January 5 in the 2-year sector
Wednesday, January 6 in the 30-year sector.
Thursday, January 7 in the 10-year sector.
Friday, January 8 in the 5-year sector.
The Bank will conduct the following purchase operations the week of January 11: