The Bank of Canada has today updated its Rules Governing Advances incorporating changes supporting the new Term Loan Facility announced 12 November 2008.
This paper examines the relationship between firm size and productivity. In contrast to previous studies, this paper offers evidence of the relationship not only from manufacturing firms, but from non-manufacturing firms as well.
In light of the effect on its balance sheet of the extraordinary transactions being undertaken to provide term liquidity, the Bank of Canada is adjusting its purchase of nominal bonds at auctions.
In accordance with the schedule of Term Loan Facility (TLF) auctions announced on 12 November, the Bank of Canada announced today that it will enter into a 26-day TLF transaction as follows:
The Bank of Canada announced today it will sell $0.75 billion of its holdings of treasury bills. This transaction will partially offset the temporary increase in assets associated with the term purchase and resale transactions announced today.
In accordance with the schedule of term purchase and resale agreement (PRA) auctions announced on 3 November, the Bank of Canada announced today that it will enter into a 28-day term PRA transaction as follows: