A transaction in which the Bank of Canada purchases securities from a chartered bank and resells them to the bank the next day. This transaction puts more money into the money supply and lowers overnight interest rates.
Related information about special purchase and resale agreement (SPRA):
- Special Purchase and Resale Agreement (SPRA) Definition ...
An open market operation in which the Bank of Canada purchases securities that are repurchased by the seller the following day. This is designed to lower ...
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Definition of special purchase and resale agreement (SPRA): A transaction in which the Bank of Canada purchases securities from a chartered bank and resells ...
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Special Purchase and Resale Agreement - SPRA An open market operation in which the Bank of Canada purchases securities that are repurchased by.
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Special purchase and resale agreement (SPRA), A transaction in which the Bank of Canada offers to purchase Government of Canada securities with an ...
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Jun 1, 2010 ... The Bank will conduct Special Purchase and Resale Agreement (SPRA) and Sale and Repurchase Agreement (SRA) operations as necessary ...
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Oct 17, 2009... the Bank of Canada announced that it will conduct Special Purchase and Resale Agreement (SPRA) and Sale and Repurchase Agreement ...
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Jun 8, 2010 ... The Bank will conduct Special Purchase and Resale Agreement (SPRA) and Sale and Repurchase Agreement (SRA) operations as necessary ...
- ECON 2017 - Money, Banking and the Canadian Financial System
7) Under what circumstances would the Bank of Canada wish to use a Special Purchase and Resale Agreement (SPRA)? Under what circumstances would the ...