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June 21, 2008
Financial System Review - June 2008
Although there has been some improvement in conditions over the past several weeks, strains in global credit markets have broadened since December.
Errata: Some factual errors in the June report "Bank of Canada Oversight Activities during 2007 under the Payment Clearing and Settlement Act" have been corrected. They concern (i) clarification of the U.S. Federal Reserve as lead overseer of CLS Bank and (ii) the steps taken by CDS on 14 August 2007 to assist issuers and participants holding defaulted ABCP.
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June 19, 2008
Capitalizing on the Commodity Boom: the Role of Monetary Policy
We are experiencing a commodity super cycle. Throughout the current boom, the scale of price increases has been higher, and the range of affected commodities broader, than in previous upturns. Since 2002, grain and oilseed prices have more than doubled, base metals prices have tripled, and oil prices have quadrupled. -
June 10, 2008
Bank of Canada keeps overnight rate target at 3 per cent
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 3 per cent. -
June 10, 2008
Bank of Canada Announces Term PRA Transaction
As part of its provision of liquidity in support of the efficient functioning of financial markets, the Bank of Canada announced today that it will enter into a 28-day term purchase and resale agreement (PRA) as follows: -
May 30, 2008
Results of the 30 May 2008 Sale of Treasury Bills for Balance Sheet Management Purposes
Results of the 30 May 2008 Sale of Treasury Bills. -
May 27, 2008
Bank of Canada to Sell Treasury Bills for Balance Sheet Management Purposes
The Bank of Canada announced today it will sell $1.8 billion of its holdings of treasury bills. -
May 27, 2008
Bank of Canada Announces Term PRA Transaction
As part of its provision of liquidity in support of the efficient functioning of financial markets, the Bank of Canada announced today that it will enter into a 28-day term purchase and resale agreement (PRA) as follows:
