In accordance with the schedule of term purchase and resale agreement (PRA) auctions for private sector money market instruments announced on 20 January, the Bank of Canada announced today that it will enter into a 14-day term PRA transaction for private sector money market instruments.
In accordance with the schedule of Term Loan Facility (TLF) auctions announced on 20 January, the Bank of Canada announced today that it will enter into a 28-day TLF transaction.
In the Update, the Bank noted that the outlook for the global economy has deteriorated since the October Monetary Policy Report, with the intensifying financial crisis spilling over into real economic activity.
The outlook for the global economy has deteriorated since the October Monetary Policy Report, with the intensifying financial crisis spilling over into real economic activity.