Bank of Canada announces increase in the amount of Government of Canada treasury bills it acquires at auction

The Bank of Canada announced today that, to support continued liquidity and efficient functioning of the federal government’s treasury bill program, it is temporarily increasing the amount of treasury bills it acquires at auctions to up to 40 per cent, effective immediately.

Prior to this change, purchases at treasury bill auctions were generally limited to a maximum of 25 per cent.

The 40 percent limit will be in effect until further notice, although the Bank may adjust it in either direction as market conditions warrant.

The Bank continues to monitor market developments closely and remains committed to supporting the liquidity and efficient functioning of Government of Canada funding markets.

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

Mark de Guzman
Director
Financial Markets Department
Bank of Canada
613-782-7245

Media Relations
Bank of Canada
613-782-8782