Sat. Apr 13th, 2024
Bank of Canada (and now the Government) Offering Loans to Banks

#BankofCanada #CanadianEconomy #GovernmentofCanada
The Government of Canada (via the Bank of Canada) is resuming a program, suspended in August of 2020, that allows it to loan its cash into the banking system, with Scotia Bank saying the move could be intended to ease pressure in the funding market.

Links:

Bank of Canada INJECTS 30+ Billion Into Repo Market:

https://studio.youtube.com/video/aQgzb_8EzEI/edit

Reintroduction of the morning auction of Receiver General cash balances:

https://www.bankofcanada.ca/2024/02/reintroduction-morning-auction-receiver-general-cash-balances/

The Global Week Ahead: ‘November Jay’ Went AWOL:

https://www.scotiabank.com/ca/en/about/economics/economics-publications/post.other-publications.global-week-ahead.february-2--2024.html

Bank of Canada conducts Overnight Repo operation:

https://www.bankofcanada.ca/2024/01/bank-of-canada-conducts-overnight-repo-operation/

Bank of Canada measures suggest it's more hawkish than market thinks, Scotiabank says:

https://www.bnnbloomberg.ca/bank-of-canada-measures-suggest-it-s-more-hawkish-than-market-thinks-scotiabank-says-1.2030943

Real estate industry left playing the waiting game after Bank of Canada hold:

https://financialpost.com/real-estate/bank-of-canada-hold-keeps-real-estate-industry-waiting

Canada records C$19.1 bln budget deficit over first eight months of 2023/24:

https://www.reuters.com/world/americas/canada-records-c191-bln-budget-deficit-over-first-eight-months-202324-2024-01-26/

TERMS AND CONDITIONS GOVERNING THE MORNING AUCTION OF RECEIVER GENERAL CASH BALANCES:

https://www.bankofcanada.ca/wp-content/uploads/2024/02/rg_terms_conditions_updated_30012024.pdf

Bank of Canada assets and liabilities: Weekly (formerly B2):

https://www.bankofcanada.ca/rates/banking-and-financial-statistics/bank-of-canada-assets-and-liabilities-weekly-formerly-b2/

Bank of Canada:

https://twitter.com/bankofcanada?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor />
Mark Mitchell – Mortgage Broker London Ontario
920 Commissioners road east
London, Ontario N5Z 3J1
Phone: (519)860-2102 (Call or Text)
MarkMitchell@LondonOntarioMortgages.ca
Brokerage Lic: 10464
Broker Lic: M16001479
https://www.LondonOntarioMortgages.ca – Apply Online!!
Youtube Channel: https://www.youtube.com/c/MarkMitchellMortgageBrokerLondonOntario

Subscribe NOW for more Mortgage/Financial News/Videos.
Follow me on Social Media:
Instagram - https://www.instagram.com/mortgagebrokerlondonontario
Facebook - https://www.facebook.com/londonontariomortgages
Twitter - https://twitter.com/londonmortgage1/
LinkedIn - https://www.linkedin.com/in/mark-mitchell-london-s-mortgage-broker-197842123/
TikTok - https://www.tiktok.com/@mortgagebrokerlondon?lang=en
Commentary on this Channel should not be considered financial advice.

Related Post