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The Bank of Canada's balance sheet assets grew CAD8 billion to CAD537 billion this week as holdings of government bonds expanded while T-bill holdings declined, according to figures posted Friday.
Treasury bills declined about CAD1 billion to CAD69 billion, the lowest since mid-May, and down from a July peak of CAD140 billion. Federal government bond holdings climbed CAD8 billion to another record of CAD280 billion. The BOC has pledged to buy at least CAD4 billion of bonds a week until the economic recovery is well underway.