Posted AT 7:18 PM EST on 27/09/07
Bank of Canada steps back into the market
OTTAWA — The Bank of Canada injected almost $1-billion into money markets Thursday, a stark reminder that all is not right in Canada's credit market.
Just two days after Bank of Canada Governor David Dodge declared that "the overnight market is now well on its way back to normal operations in Canada," the bank found itself having to defend its key interest rate with one of its largest cash injections to date.
The full text of this article has 725 words.
To continue reading this article, you will need to purchase this article.
Already have a member account? Login now
Pay-Per-View Offers To read the complete article, select one of the following options
Purchasing from globeandmail.com is quick and secure.
