Operational Change to the Cash-Management Bond Buyback Program

In light of the significant size of some specific key maturity dates and comments received during the Debt Strategy Consultations 2010 – 11, the eligibility criteria for the inclusion of Government of Canada bonds in the cash-management bond buyback operations have been changed to:

• Government of Canada bonds with terms to maturity of up to 18 months on those dates where the total amount of maturing bonds is greater than $5 billion.

Accordingly, the document entitled Details on Bond Buyback Operations, posted on the Bank of Canada website, has been updated.

The change will be effective starting on 4 January 2010.

For further information, please contact:

Assistant Director
Funds Management and Banking Department
Bank of Canada
613 782-7836

Chief, Debt Management Policy
Financial Markets Division
Department of Finance
613 992-6116