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How monetary policy works — Governor Tiff Macklem speaks before the CFA Québec (12:45 (ET) approx.).
These forecasts are provided to Governing Council in preparation for monetary policy decisions. They are released once a year with a five-year lag.
The results of today's term PRA operations are as follows:
High yield: 3.410%
Low yield: 3.010%
Average Yield: 3.179%
Par Amount Transacted: $2,000,000,000