Changes to the Frequency of Government of Canada Treasury Bills auctions

In order to support the well-functioning of the Government of Canada securities markets, the Bank of Canada and the Department of Finance announced a change to the frequency for Treasury Bill auctions.

As part of the Government of Canada’s COVID-19 Economic Response Plan increases to the Government of Canada borrowing programs are required. The required changes include additional operations outlined in the Quarterly Bond Schedule. As the size of the Treasury Bill program will also increase, weekly Treasury Bill auctions will become appropriate.

Acting as fiscal agent, commencing Tuesday April 7, the Bank will issue Government of Canada Treasury Bills on a weekly basis.

For market participants:

Scott Kinnear
Director
Financial Markets Department
Bank of Canada
613 782-7723

James Wu
Director
Financial Markets Division
Department of Finance Canada
613 369-3896

For media:

Media Relations
Bank of Canada
613 782-8782