Bloomberg News

Bank of Canada Buys C$800 Million of Securities for One Day

January 31, 2013

The Bank of Canada bought C$800 million ($801 million) of securities for one day.

The central bank announced the second round of purchases, aimed to keep overnight lending rates close to its current target of 1 percent, on its website today from Ottawa. Earlier, the bank had said it bought C$400 million of securities.

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

To contact the editor responsible for this story: David Scanlan at dscanlan@bloomberg.net


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