As we celebrate the 400th anniversary of the founding of Quebec, I thought it would be fitting for me, as a central banker, to take a look at how money has evolved over part of the past four centuries.
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:
In accordance with the schedule of term purchase and resale agreement (PRA) auctions for private sector money market instruments announced on 31 October, the Bank of Canada announced today that it will enter into a 14-day term PRA transaction for private sector money market instruments as follows:
Further to the Bank's announcement on 14 October 2008 of new measures to provide liquidity to the Canadian financial system as part of the G7 action plan, the Bank has established the period for the temporary eligibility of non-mortgage loan portfolios for collateral purposes.
In order to hone its focus on a safe and sound financial system, reinforce research, and streamline management processes, the Bank of Canada has realigned responsibilities and made a series of senior appointments to lead its work in monetary policy, financial stability, management of the Government of Canada's funds, and Canadian bank notes.