The Bank of Canada is publishing today the schedule of its term Purchase and Resale Agreements (PRA) for private sector money market instruments to the end of March.
Since 19 September 2008, the Bank of Canada has conducted eighteen Purchase and Resale Agreement (PRA) operations to provide liquidity to Canadian term lending markets and as at 22 January, there will be $33 billion in term PRA outstanding.
The Bank of Canada announced today it will sell $1.80 billion of its holdings of treasury bills. This transaction will partially offset the temporary increase in assets associated with the outstanding term liquidity facilities. Details of the transaction.
In accordance with the schedule of term purchase and resale agreement (PRA) auctions announced on 1 December, the Bank of Canada announced today that it will enter into a 28-day term PRA transaction.