Bank of Canada announces changes to the amount of Government of Canada Treasury Bills acquired at auction

The Bank’s short-term liquidity programs announced since March to improve market functioning are continuing to have their intended effect. With significant improvements in short-term funding conditions and, in particular, funding conditions in the Government of Canada Treasury Bill market, the Bank is reducing its current pace of acquisition of these securities.

Effective September 21, 2020, the Bank will reduce the amount it purchases at auction from 20 percent to 10 percent of tendered amounts. The Bank may adjust its purchase percentage further if market conditions warrant.

The Bank of Canada continues to closely monitor global and domestic market developments and remains committed to providing liquidity as required to support the functioning of the Canadian financial system.

Director
Financial Markets Department
Bank of Canada
613‑782‑7723

Director
Financial Markets Department
Bank of Canada
613‑782‑7245

Bank of Canada
613‑782‑8782