December 15, 2009
Chronology of Crisis Response Measures
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November 5, 2009
Changes to Policy Regarding the Non-Mortgage Loan Portfolio as Collateral for the Bank of Canada's Standing Liquidity Facility (SLF)
Given improved conditions in funding markets, the Bank of Canada is announcing that, starting 2 February 2010, its temporary measure of allowing Large Value Transfer System (LVTS) participants to assign their non-mortgage loan portfolios as eligible collateral for LVTS and Standing Liquidity Facility (SLF) purposes will be gradually reduced from 100 per cent to 20 per cent of each participant's total pledged collateral. -
September 22, 2009
Reflecting the continued improvement in market conditions, the Bank of Canada announces changes to its Temporary Liquidity Facilities
Reflecting the improved conditions in funding markets, as evidenced by lower market-based funding costs and the lack of coverage in recent auctions for temporary liquidity facilities, the Bank of Canada is announcing that the following facilities will expire at the end of October 2009. -
June 25, 2009
Bank of Canada Announces Extension of Expanded Swap Facility with U.S. Federal Reserve
The temporary reciprocal currency arrangements (swap lines) between the U.S. Federal Reserve and other central banks have been extended to 1 February 2010. -
June 25, 2009
Bank of Canada Announces Extension of Temporary Liquidity Facilities
The Bank of Canada is announcing extensions to its temporary liquidity facilities. -
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
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
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. -
February 23, 2009
Bank of Canada Announces New Term PRA Facility for Private Sector Instruments
As part of its provision of liquidity to support the efficient functioning of the market for private-sector securities. -
February 3, 2009
Bank of Canada Announces Extension of Expanded Swap Facility with U.S. Federal Reserve
To address continued pressures in global U.S. dollar funding markets, the temporary reciprocal currency arrangements (swap lines) between the Federal Reserve and other central banks have been extended to 30 October 2009.