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Canada to Reintroduce Auction Of Receiver General Cash Balances

CANADA
  • "The Bank of Canada (the “Bank”), in its role as fiscal agent for the Government of Canada, said today it will reintroduce the morning auction of Receiver General (RG) cash balances in the coming weeks. These operations had been suspended in August 2020 due to a lack of participation."
  • "Prior to their suspension, the morning RG auction was conducted daily at 9:15 (ET) and was part of how the government managed its Canadian dollar cash balances, ensuring sufficient cash was available to meet its operating and liquidity requirements while investing excess cash balances in a prudent and cost-effective manner. The reintroduction of these routine operations allows the government to earn a competitive market-driven rate of return on its excess cash balances."

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