The Bank of Canada auctioned CAD 1.5 bln 12/5/2011 (7-day) CM Treasury bills at an average yield of 0.932% (99.98213) for settlement today. The auction tailed 0.8 bps with a low yield of 0.915% (99.98246) and a high yield of 0.940% (99.98198). Total bids were CAD 4.018 bln, providing a bid-to-cover of 2.68. Non-comps were CAD 3 mln, allotments at the high were 33.51351% and outstanding after the auction is now CAD 1.5 bln. ISIN:CA1350Z7RR74.