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MNI BRIEF: BOC Reveals Corporate Bond Buys- Bell, RioCan

OTTAWA (MNI)

The Bank of Canada bought debt in some of the nation's largest corporations under a market stabilization program it discontinued earlier this year, including telecom giant Bell Canada, RioCan Real Estate Investment Trust, and energy producers Enbridge and Pembina, according to a disclosure published Wednesday.

Other corporate names included grocery store chain Loblaws, BMW Canada, auto parts supplier Magna International and Brookfield Asset Management. The unprecedented program lapsed after a year on May 25 and never reached the full envelope of CAD10 billion.

MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com
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MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com
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