(Updates with total in payment system in last paragraph.)
Oct. 3 (Bloomberg) -- The Bank of Canada bought C$1.215 billion ($1.16 billion) of securities for one day.
The central bank announced the purchase, aimed to keep overnight lending rates close to its current target of 1 percent, on its website today from Ottawa.
Earlier, the bank said it had bought C$550 million worth of securities.
The bank also increased the amount of settlement balances in the Large Value Transfer System to C$705 million from the regular daily target of C$25 million. The funds are used to help settle payments between banks and brokers, and a higher amount can also encourage lower interest rates on interbank loans.
--Editors: Paul Badertscher, Vince Golle
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