NOTICE Friday, 1 May 2009, 15:00 (ET)
In accordance with the schedule of Term Loan Facility (TLF) auctions announced on 24 April (see schedule), the Bank of Canada announced today that it will conduct a TLF operation as follows:
Eligible participants are asked to submit their bids between 9:15 and 9:30 (ET) on the day of the auction. The results of this operation will be announced on the Bank's web site at 10:30 (ET).
The total amount of funds allocated through this TLF operation will be announced on the Bank's web site on the settlement day by 16:45 (ET). This operation will also be reflected on the Bank of Canada's balance sheet.
Further details for this operation are available in the Terms and Conditions for the TLF Facility.
The Bank will continue to provide additional term liquidity as long as conditions in financial markets warrant.
For further information, please contact:
Jeremy Harrison
613 782-8782
