In accordance with the schedule of term purchase and resale agreement (PRA) auctions announced on 3 November, the Bank of Canada announced today that it will enter into a 28-day term PRA transaction as follows:
In accordance with the schedule of term purchase and resale agreement (PRA) auctions for private sector money market instruments announced on 31 October, the Bank of Canada announced today that it will enter into a 14-day term PRA transaction for private sector money market instruments as follows:
Further to the Bank's announcement on 14 October 2008 of new measures to provide liquidity to the Canadian financial system as part of the G7 action plan, the Bank has established the period for the temporary eligibility of non-mortgage loan portfolios for collateral purposes.
The Bank of Canada announced today it will sell $0.85 billion of its holdings of treasury bills. This transaction will partially offset the temporary increase in assets associated with the term purchase and resale transactions announced today.
Since 19 September 2008, the Bank of Canada has extended $26 billion in seven Purchase and Resale Agreement (PRA) operations to provide liquidity to Canadian term lending markets.