Bank of Canada steps up Covid-19 response

Bank widens eligible repo collateral, tweaks monetary framework and unveils mortgage market measure

Bank of Canada
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The Bank of Canada has announced new measures to ease disruption in financial markets caused by the coronavirus.

The central bank will broaden the collateral eligible for banks to pledge in its standing repo facilities and has tweaked the monetary policy operating framework to put downward pressure on market rates.

It will also be supporting the Canadian mortgage with secondary bond purchases, it said on March 16.

“Our measures will help ensure that financial institutions can continue to

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