IMPORTANT: Scheduled maintenance is currently underway
Some web pages, statistical data, and other information may be missing or displayed incorrectly. We apologize for any inconvenience.

Bank of Canada Announces Details of its 28 Day Term Loan Facility

In accordance with the schedule of Term Loan Facility (TLF) auctions announced on 12 November, the Bank of Canada announced today that it will enter into a 28-day TLF transaction as follows:

Amount Auction Date Settlement Date Maturity Date
$2 billion 24 November 2008 25 November 2008 23 December 2008

Terms and conditions for the TLF are available at The auction will be held on 24 November at 9:15 (ET) and the results of this operation will be announced on the Bank's web site at 10:15 (ET). The total amount of assets acquired through this TLF operation will be announced on the Bank's web site on the settlement day by 16:45 (ET). These transactions will also be reflected on the Bank of Canada's balance sheet.

For further information, please contact:
Jeremy Harrison
613 782-8782

Content Type(s): Press, Market notices