Bank of Canada Buys C$1 Billion of Securities for One Day

The Bank of Canada bought C$1.001 billion ($985 million) of securities for one day.

The central bank announced the purchase, aimed to keep overnight lending rates close to its current target of 1 percent, on its website today from Ottawa. Earlier today it announced initial buying of C$560 million.

To contact the reporter on this story: Greg Quinn in Ottawa at gquinn1@bloomberg.net

To contact the editor responsible for this story: Paul Badertscher at pbadertscher@bloomberg.net

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