Question
When the Bank of Canada is regularly setting the bank rate (on which all other financial institutions will base their own interest rates), how does
When the Bank of Canada is regularly setting the "bank rate" (on which all other financial institutions will base their own interest rates), how does it determine where to set the rate?
3-Month Treasury Bill rate plus .5%
Instructions from the Federal Government
Upper limit of the operating band for overnight financing
Lower limit of the operating band for overnight financing
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
16th edition
125927716X, 978-1259687969, 1259687961, 978-1259277160
