Rates likely in holding pattern until mid-2009, economists say
Melino, Milne to research price level targeting and financial market turbulence
Term PRA maturing on July 10 will not be renewed
Companies in Western Canada looking to invest
The Bank of Canada today announced that it will begin accepting U.S. Treasury securities as collateral under its Standing Liquidity Facility.As the Bank indicated last December, it is expanding the list of securities eligible to be pledged as collateral for the Standing Liquidity Facility to include marketable securities issued by the U.S. Treasury (bills, notes […]
In a sign that credit market conditions have improved, the Bank of Canada says that the term purchase and resale agreement (PRA) that matures on June 26 will not be renewed.The Bank of Canada announced today that it will not renew the $1 billion term PRA maturing later this week. “This decision reflects the continuing […]
The Bank of Canada today published its latest financial system review, warning that credit markets remain fragile.The report notes that while there has been some improvement in credit conditions over the past several weeks, “strains in global credit markets have broadened” since December.“Global credit markets remain very fragile, although there has been some general improvement […]
TD economists forecast a 25 bps cut
The Bank of Canada announced a change in the eligibility requirements for certain securities pledged as collateral under its Standing Liquidity Facility.Effective immediately, the minimum pool size for National Housing Act Mortgage-Backed Securities (NHA MBS) to be considered eligible as collateral under the Bank of Canada’s SLF will be lowered to $25 million from $75 […]
Strong loonie and credit easing make for good buying opportunities