In coordination with other central banks, the Bank of Canada confirms the expiration of its US $30 billion swap facility with the Federal Reserve on 1 February 2010. This facility, which was established to counter pressures in global funding markets, is no longer needed, given the improvements in financial market functioning seen over the past year.
Further to the 15 December 2009 announcement, the Bank of Canada today releases the new schedule for the monthly Bank of Canada Term PRA operations commencing 16 February 2010 and running through to the April 2010 Fixed Announcement Date.
Results of today's term PRA operations
In accordance with the schedule of term purchase and resale agreement (PRA) auctions announced on 20 October (see schedule), the Bank of Canada announced today that it will conduct a term PRA operation
The results of today's term PRA operations.