The Bank of Canada (Bank) continues to take actions to support the efficient and continuous functioning of Canadian financial markets by ensuring that the Canadian financial system has sufficient liquidity and that financial institutions can continue to extend credit to both households and businesses. To that end, the Bank is announcing four measures today designed to support market functioning given the rapidly evolving uncertainty around the impact of COVID-19. First, the Bank is increasing the frequency of its Term Repo operations to at least twice a week starting Tuesday March 24, 2020. Operational details will ... (full story)