More policy actions are likely to combat credit crunch
Businesses report weaker sales
Bank of Canada lowers overnight rate target to 2.5%
Several of the world’s major central banks are spelling out their latest new measures aimed at pumping up market liquidity.The banks, led by the U.S. Federal Reserve Board, recently announced coordinated actions to expand the provision of U.S. dollar liquidity. Today, they announced schedules for term and forward auctions of U.S. dollar liquidity conducted during […]
Bank of Canada governor stresses that global markets are at a critical juncture
Bank of Canada and the Fed agree on a US$10 billion swap facility
The Bank of Canada has revised the eligibility requirements for certain assets that it will accept under the Standing Liquidity Facility.Since August 2007, the central bank has been exploring ways of providing liquidity to the financial system. One of these initiatives, has been to expand the range of acceptable collateral for its Standing Liquidity Facility […]
Central bank reaffirms neutral stance, economists say
Caplan succeeds MacKinnnon in Toronto
Central bank likely to keep rates on hold, economists say