The Bank of Canada is restarting its routine purchases of Government of Canada (GoC) treasury bills effective 16 December 2025. This move is part of normal balance-sheet management and is intended to restore a more balanced mix of assets held by the Bank. The treasury bill purchases will take place in the primary market via GoC auctions in a non-competitive format. Starting 9 December 2025, the Bank will pre-announce its intended purchase amounts ahead of each auction, and shortly after each operation it will publish the actual amount purchased. In the steady state, the Bank’s portfolio will comprise a mix of GoC treasury bills, GoC bonds and term repos. According to current projections, purchases of GoC bonds for normal balance-sheet management are unlikely to be required until 2027.
Bank of Canada announces restart of Government of Canada treasury bill purchases
