The 10-year bond auction in Canada represents a key event where the government sells debt securities to institutional investors to fund its operations. The results, particularly the yield and the bid-to-cover ratio, serve as a benchmark for long-term interest rates in the country. A high bid-to-cover ratio indicates strong demand, which can lead to lower yields and reflect investor confidence. Conversely, a poor auction result can signal fiscal concerns or expectations of rising inflation.
The auction is conducted via a competitive bidding process where primary dealers submit bids for price and quantity. The Bank of Canada then determines the average yield based on the accepted bids.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Aug 27, 2026 | 5.49 | — | — |
| Aug 19, 2026 | 5.48 | — | — |
| Aug 6, 2026 | 5.37 | — | — |
| Jul 23, 2026 | 5.56 | — | — |
| Jul 9, 2026 | 5.14 | — | — |
| Jun 25, 2026 | 5.10 | — | — |
| Jun 11, 2026 | 5.43 | — | — |
| Jun 4, 2026 | 5.47 | — | — |
| May 28, 2026 | 5.40 | — | — |
| May 14, 2026 | 5.53 | — | — |
| Apr 30, 2026 | 6.12 | — | — |
| Apr 16, 2026 | 6.01 | — | — |
| Feb 5, 2026 | 6.46 | — | — |
| Jan 22, 2026 | 6.66 | — | — |
| Dec 11, 2025 | 6.91 | — | — |
| Nov 27, 2025 | 7.02 | — | — |
| Nov 13, 2025 | 7.00 | — | — |
| Oct 30, 2025 | 6.78 | — | — |
