April 7, 2009
Bank of Canada Announces the Minimum Bid Rate for Today's Term PRA Facility for Private Sector Instruments
The minimum bid rate for today's 85-day Term PRA Facility for Private Sector Instruments is 0.62%.
Posts
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April 6, 2009
Results of the 6 April 2009 Term PRA Transaction
The results of today's term PRA operations are as follows. -
April 6, 2009
Results for the 6 April 2009 Term Loan Facility
The results of today's TLF operation are as follows. -
April 5, 2009
Unexpected Inflation and Redistribution of Wealth in Canada
One of the most important arguments in favour of price stability is that unexpected inflation generates changes in the distribution of income and wealth among different economic agents. These redistributions occur because many loans are specified in fixed dollar terms and unexpected inflation redistributes wealth from creditors to debtors by reducing the real value of nominal assets and liabilities. -
April 3, 2009
The Bank of Canada Releases Its Annual Report for 2008
The Bank of Canada's Annual Report for 2008 was tabled in the House of Commons today. -
April 3, 2009
Bank of Canada to Sell Treasury Bills for Balance Sheet Management Purposes
The Bank of Canada announced today it will sell $2.10 billion of its holdings of treasury bills. -
April 3, 2009
Bank of Canada Announces Details of its Term PRA for Private Sector Instruments Operation
In accordance with the schedule of term purchase and resale agreement (PRA) auctions for private sector instruments announced on 6 March, the Bank of Canada announced today that it will conduct a 85-day term PRA operation for private sector instruments as follows. -
April 3, 2009
Bank of Canada Announces Details of its Term PRA Operation
In accordance with the schedule of term purchase and resale agreement (PRA) auctions announced on 6 March, the Bank of Canada announced today that it will conduct a 84-day term PRA operation as follows. -
April 3, 2009
Bank of Canada Announces Details of its Term Loan Facility Operation
In accordance with the schedule of Term Loan Facility (TLF) auctions announced on 6 March, the Bank of Canada announced today that it will conduct a 30-day TLF operation as follows: -
April 1, 2009
Sound Policy Measures will Rebuild Confidence, Guide Economies Through Challenging Times, says Governor Carney
Although the global and Canadian economies are in recessions triggered by the most severe financial meltdown since the 1930s, Canadians can have confidence that unprecedented policy measures will restore growth, Bank of Canada Governor Mark Carney said today.