Bank of Canada not joining Fed to increase global liquidity

July 30, 2008 by · Leave a Comment
Filed under: Industry News 

The Bank of Canada said on Wednesday it is not coordinating with the U.S. Federal Reserve and other central banks in operations to boost market liquidity.

“The Bank of Canada is not participating in this,” said Jeremy Harrison, a spokesman for the Canadian central bank. The Fed said on Wednesday it would extend a loan program it began in March after the near collapse of Bear Stearns.

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