Bloomberg News

Bank of Canada Buys C$65 Million of Securities for One Day

October 31, 2011

Oct. 31 (Bloomberg) -- The Bank of Canada bought C$65 million ($65 million) 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.

--Editor: Paul Badertscher

To contact the reporter on this story: Andrew Mayeda in Ottawa at amayeda@bloomberg.net

To contact the editor responsible for this story: Chris Wellisz at cwellisz@bloomberg.net


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