Bank of Canada Deputy Governor Toni Gravelle said on Wednesday that the BOC is ready to act in the case of severe market-wide stress and provide liquidity support to the financial system, as reported by Reuters."Quantitative tightening program will likely end sometime around the end of 2024 or first half of 2025; QT is working but will take some time to run its course."
"Bank would only be offering extraordinary liquidity in extreme market-wide situations, when entire financial system faced funding constraints." "This level is well below current level of roughly C$200 bln; our best estimate is somewhere in the range of C$20 bln to C$60 bln."
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