April 21, 2009 Operating Framework for the Implementation of Monetary Policy at the Effective Lower Bound for the Overnight Interest Rate The Bank is setting an effective lower bound (ELB) of 25 basis points on the overnight interest rate in order to preserve the effective functioning of markets in a low interest rate environment.
April 21, 2009 Overnight Standing Purchase and Resale Agreement (PRA) Facility The Bank makes this standing facility available to Primary Dealers on an overnight basis at the upper limit of the operating band (Bank Rate).
April 21, 2009 Results of the 21 April 2009 Term PRA Transaction for Private Sector Instruments Results of today's term PRA operations. Content Type(s): Press, Market notices
April 21, 2009 Bank of Canada lowers overnight rate target by 1/4 percentage point to 1/4 per cent and, conditional on the inflation outlook, commits to hold current policy rate until the end of the second quarter of 2010 Media Relations Ottawa, Ontario The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of a percentage point to 1/4 per cent, which the Bank judges to be the effective lower bound for that rate. Content Type(s): Press, Press releases
April 21, 2009 Bank of Canada Announces the Minimum Bid Rate for Today's Term PRA Facility for Private Sector Instruments The minimum bid rate for today's 29-day Term PRA Facility for Private Sector Instruments. Content Type(s): Press, Market notices
April 21, 2009 Bank of Canada Announces New Schedule for the Bank of Canada Regular Term PRA Facility Commencing the Week of 27 April 2009 In accordance with today’s announcement by the Bank of Canada to reinforce its conditional commitment to maintain the overnight rate at 1/4 per cent. Content Type(s): Press, Market notices
April 20, 2009 Results of the 20 April 2009 Term PRA Transaction Results of today's term PRA operations. Content Type(s): Press, Market notices
April 17, 2009 Bank of Canada Announces Details of its Term PRA for Private Sector Instruments Operation In accordance with the schedule of term purchase and resale agreement (PRA) auctions for private sector instruments announced on 6 March, the Bank of Canada announced today that it will conduct a 29-day term PRA operation for private sector instruments. Content Type(s): Press, Market notices
April 17, 2009 Bank of Canada Announces Details of its Term PRA Operation In accordance with the schedule of term purchase and resale agreement (PRA) auctions announced on 6 March, the Bank of Canada announced today that it will conduct a 29-day term PRA operation. Content Type(s): Press, Market notices
April 17, 2009 Bank of Canada Announces Details of its Term Loan Facility Operation In accordance with the schedule of Term Loan Facility (TLF) auctions announced on 6 March, the Bank of Canada announced today that it will conduct a 29-day TLF operation. Content Type(s): Press, Market notices