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.
Payment services offered by non-banks have flourished in recent years. The author provides an overview of the different kinds of non-bank retail payments schemes currently available in Canada, illustrating each by focusing on a specific example.
As outlined in the Terms of the Canadian Lenders Assurance Facility, the Bank of Canada will act as Administrative Agent for the Government of Canada for this facility and be responsible for daily operational activities. In support of this role, the Bank will make available a register of all approved and guaranteed issues on its web site.