Steady Hand On The Rudder

[CHIMO]

Never saw this coming.

Bank of Canada pumps billions into system

OTTAWA — The Bank of Canada is substantially bulking up its liquidity injections, increasing their frequency and making it easier for financial institutions to partake - measures that aim to manage near-frozen conditions in money markets.

The central bank said it is increasing its plans to inject extra cash into term lending markets from $8-billion, announced recently, to $20-billion.

It also pumped more than $1.3-billion into the overnight money market as of early Friday afternoon.

The extra term securities will be made available more frequently, on a weekly basis, until at least the end of the year, the bank said in a statement on its website. Plus, the bank will announce well in advance the minimum amounts that will be made available.

http://www.theglobeandmail.com/servlet/story/RTGAM.20081003.wliquidity1003/BNStory/Front

But the Hand couldn't hold the Fixed Date Election date steady.

The steady hand can only control the Reform voters.