Bank of Canada announces changes to securities repo operations Notice - Friday, April 30, 2021, 14:30 (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 $4,000 million for each eligible participant effective Monday, May 3, 2021. The maximum bid rate will remain at 15bps. The terms and conditions of the SRO provide operational details. The SROs provide a temporary source of Government of Canada nominal bonds and treasury bills to primary dealers and the increase in size announced today will help support liquidity in the securities financing market. The Bank, at its discretion, may adjust the sizing, pricing and other parameters of the program to achieve its objectives.