The Bank of Canada implements an expanded two-week repurchase agreement strategy to address liquidity pressures affecting the Canadian overnight repo rate average (CORRA). According to the deputy governor, this tactical adjustment aims to stabilize short-term funding markets and prevent excessive rate volatility. The initiative reflects the central bank's commitment to maintaining efficient money market operations and supporting financial system stability through enhanced repo facility utilization.

Summary auto-generated by AI from the original publisher's content. Editorial standards.