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.
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 January.
The Canadian financial system has fared relatively well through this crisis, thanks to effective regulation and prudent practices that have worked like sandbags to protect our financial system from the storms in today's global economy.