Bank of Canada announces changes to securities repo operations Notice - Friday, January 22, 2021, 15:00 (ET) In line with its objectives to support core funding markets and to foster the well-functioning of the Government of Canada securities market, the Bank of Canada is announcing changes to securities repo operations (SROs). The maximum total bidding amount across all securities in the SRO will increase to $1,000 million for each eligible participant effective Monday, January 25, 2021. At the same time, the maximum bid rate will be set at 15bps. The Bank, at its discretion, may adjust the size, pricing and other parameters of the program to achieve its objectives. The terms and conditions of the SRO provide operational details.