Posted AT 12:30 PM EST on 15/04/08
Central bank injects $2-billion into market
OTTAWA — The Bank of Canada says it is injecting an urgent $2-billion of 28-day securities into the money market to alleviate liquidity problems.
The operation is similar to cash injections made late last year and earlier this year, except that those special transactions were part of a global co-ordinated effort.
This time, the Bank of Canada is acting on its own, suggesting there is a Canadian liquidity issue that needs to be fixed.
The full text of this article has 616 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.
