A financial agreement established by the bank of Canada with the aim of regulating overnight interest rates and amending money supply. The Bank of Canada carries out SRA by selling its stocks to banks with an agreement that it will repurchase these stocks the next day. The action ensures that interest rates change conversely affects money supply.
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An open market operation, implemented by the central Bank of Canada, that is designed to affect overnight interest rates and modify the supply of money.
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Sale and Repurchase Agreement - SRA An open market operation, implemented by the central Bank of Canada, that is designed to affect overnight.
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