MMIFF should improve liquidity position of money market investors
The recent steps taken by the U.S. government to shore up financial institutions are very positive in terms of addressing the weakness in investor confidence, says Fitch Ratings in a research note.The rating agency observed that recent steps taken by the government are already proving helpful in restoring confidence in the banking system. “The programs […]
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 […]
Second fiscal stimulus could include spending on infrastructure, healthcare, income security, and access to credit
Congress should consider measures to improve access to credit by consumers, home buyers, businesses and other borrowers, Bernanke says
Conference Board index plummets to lowest level since 1982
Swiss banks raise capital
Use common sense, Spiring tells investors
Government must be prepared to intervene to ensure that credit conditions, financial stability, and the effective working of the financial system are maintained
Recent moves by central banks in Canada, the United States and abroad to improve liquidity in financial markets have been crucial in boosting confidence, and there’s potential for more action yet to come, Conference Board of Canada’s chief economist Glen Hodgson said Wednesday.In particular, although the US$700-billion bailout package in the United States has been […]