Bank of Canada Buys C$985 Million of Securities for One Day
The Bank of Canada bought C$985 million ($990 million) of securities for one day, aiming to keep overnight lending rates close to its current target of 1 percent.
The Ottawa-based central bank increased the total purchase from an initial total of C$555 million. The transactions were announced on the bank’s website today.
To contact the reporter on this story: Greg Quinn in Ottawa at firstname.lastname@example.org
To contact the editor responsible for this story: Chris Wellisz at email@example.com
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.