Economy Measure Code Measure Currency Code Amount (Local) Amount (USD) Source Details
Canada 07 07 - Central bank financing government CAD 348,918,000,000 250,075,613,689
Canada 07A 07A - Direct lending and reserve drawdown CAD 115,008,000,000 82,428,238,667

BoC purchases of T-bills were in the primary market as they were auctioned; As of 6 January 2021, current T-bill holdings have increased by CAD27.694 billion since the end of February 2020, with the maximum increase occurring on 29 July 2020 at CAD115.008 billion. [update]

Canada 07B 07B - Secondary purchase: government securities CAD 233,910,000,000 167,647,375,022 Bank of Canada. (accessed 10 June 2020).

(i) Government of Canada Bond Purchase Program (GBPP): Purchases will begin with a minimum of CAD5 billion per week across the yield curve. The program will be adjusted as conditions warrant but will continue until the economic recovery is well underway; on 28 October 2020, BoC announced purchases would gradually decline to CAD4 billion per week; As of 6 January 2021, the increase in government bonds owned by BoC has risen to CAD230.394 billion since the purchases in response to COVID-19 began, which is also the peak figure [update]; (ii) 3 June 2020, Bank of Canada began purchasing Government of Canada Real Return Bonds; as of 6 January 2021, the purchased amount is CAD3.516 billion, which is also the peak value (pre-COVID BoC did not hold government real return bonds). [update]