Posted on 18/10/08
Central bank to allow loans to more institutions
The Bank of Canada said it will allow a wider range of financial institutions and funds to tap the central bank for loans in a bid to ensure smoother operation of money markets. The central bank said yesterday that instead of just banks being able to get loans, any federally or provincially regulated institution "which can demonstrate significant activity in the Canadian dollar wholesale money markets" can turn to the Bank of Canada for money.
The full text of this article has 163 words.
To continue reading this article, you will need to purchase this article.
Already have a member account? Login now
Pay-Per-View Offers To read the complete article, select one of the following options
Purchasing from globeandmail.com is quick and secure.
