Bank of Canada takes Y2K measures
Article Abstract:
The Bank of Canada has announced a three-pronged program to provide financial institutions with enough liquidity to deal with any problems that might occcur as a result of the Y2K bug. The central bank said that a special liquidity facility wil be available starting Nov 1, 1999, up to the end of Mar 2000. The Bank of Canada said that it will accept a wider- than-usual range of collateral to support liquidity loans, and has adopted other measures such as making sure that the average rate for overnight loans does not move above its current operating band of 4.25%-4.75%
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1999
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Dollar sinks on gloomy outlook
Article Abstract:
The Canadian dollar declined more than a cent on 23rd January 2004 from 77.20 cents to 76.16 cents (U.S.). The central bank slashed the 2004's forecast of economic growth to 2.75 per cent, a far dismal outlook than the 3.25 per cent in its October 2004 policy report.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2004
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