At a time when the supremacy of markets is under siege, Mark Carney, governor of the Bank of Canada, argues that continuously open markets are actually the key to global recovery. In the meantime though, interest rates will likely have to go lower, he says.Speaking to the Canada-United Kingdom Chamber of Commerce in London on […]
No threat has been indentified, bank says
New term loan facility unveiled
New structure creates more integrated lines of business
The Bank of Canada has announced the details of a new liquidity facility that will be available to firms other than primary dealers.On October 14 the Bank of Canada announced today that it will enter into a 14-day term purchase and resale agreement facility for private sector money market instruments. Eligible bidders include both primary […]
Depreciating dollar will help offset the effects of weaker global demand and lower commodity prices
Core inflation expected to remain below 2%
The Bank of Canada says it will sell another $550 million of its holdings of treasury bills.The sale will partially offset the temporary increase in assets associated with the term purchase and resale transactions announced Monday. The central bank said it will enter into a $4 billion 91-day PRA transaction on October 21. The paper […]
Sale will partially offset previously announce term purchase and resale transactions
Bank of Canada acts to boost market liquidity; U.S. government to buy banking shares