In accordance with the schedule of term purchase and resale agreement (PRA) auctions for private sector money market instruments announced on 28 November, the Bank of Canada announced today that it will enter into a 13-day term PRA transaction for private sector money market instruments as follows:
The Bank of Canada announced today it will sell $0.90 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 are as follows:
Since 19 September 2008, the Bank of Canada has conducted eleven Purchase and Resale Agreement (PRA) operations to provide liquidity to Canadian term lending markets. The Bank will continue to extend term liquidity to the market and today is publishing the schedule of its term PRA operations to the end of January.