Bloomberg News

Bank of Canada Buys C$1.34 Billion of Securities for One Day

April 16, 2012

The Bank of Canada said it bought C$1.34 billion ($1.34 billion) of securities for one day in a program that seeks to keep overnight lending rates close to its target of 1 percent.

The central bank increased the amount of today’s purchases after initially reporting a C$760 million total.

To contact the reporter on this story: Greg Quinn in Ottawa at gquinn1@bloomberg.net

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


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