Bank of Canada takes Y2K measures

Article Abstract:

The Bank of Canada has announced a three-pronged program to provide financial institutions with enough liquidity to deal with any problems that might occcur as a result of the Y2K bug. The central bank said that a special liquidity facility wil be available starting Nov 1, 1999, up to the end of Mar 2000. The Bank of Canada said that it will accept a wider- than-usual range of collateral to support liquidity loans, and has adopted other measures such as making sure that the average rate for overnight loans does not move above its current operating band of 4.25%-4.75%

Commercial Banks, Commercial Banking, Services introduction, Canada. Bank of Canada

---

Dollar sinks on gloomy outlook

Article Abstract:

The Canadian dollar declined more than a cent on 23rd January 2004 from 77.20 cents to 76.16 cents (U.S.). The central bank slashed the 2004's forecast of economic growth to 2.75 per cent, a far dismal outlook than the 3.25 per cent in its October 2004 policy report.

Forecasts, trends, outlooks, Economic aspects, Forecasts and trends, Foreign exchange, Foreign exchange rates, Market trend/market analysis, Dollar (Canada)

---

Similar abstracts:

• Abstracts: Loonie slides as U.S. dollar strengthens. Dollar rises on optimism for economy. Dollar hits 3-year high
• Abstracts: Loonie slides as U.S. dollar strengthens. Dollar continues downward slide
• Abstracts: GM Canada parks at the top of quality survey for 2nd year. How 'Project Jewel' won over Toyota. Ford's new maxim: flex manufacturing
• Abstracts: Cash-rich Air Canada contemplates options. Methanex rises on share sale. Nova selling its 37.2% Methanex holding
• Abstracts: Small carriers fear Air Canada plan. Air Canada sees travellers return

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.