The latest six-month Treasury bill auction drew strong demand, with C$13.1 billion in distributor submissions against C$5.8 billion issued, resulting in a 2.26 bid-to-cover ratio of 2.26 times, according to data published on the Bank of Canada's website on Tuesday.
The average yield was 2.436%, with accepted bids ranging from 2.427% to 2.441%.
The BoC purchased C$58 million, while distributors submitted a further C$122 million in non-competitive bids. Canadian investors received 94.0% of allocations, versus 6.0% for international accounts.
The T-bills expire on Oct. 2, 2027.