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
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 […]