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Bank of Canada gives details of 91-day PRA

Mon Oct 6, 2008 9:19am EDT

TORONTO, Oct 6 (Reuters) - The Bank of Canada on Monday released details of its 91-day C$4 billion ($3.67 billion) term purchase and resale agreement for Oct. 7.

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The settlement date will be Oct. 9 and the maturity date will be Jan. 8.

The central bank said it would "continue to provide additional term liquidity as long as conditions in financial markets warrant," and it temporarily broadened its list of eligible securities to include bank-sponsored asset-backed commercial paper. The results of the operations will be announced on the the bank's website at 10:00 a.m. (1400 GMT). ($1=$1.09 Canadian) (Reporting by John McCrank; Editing by Frank McGurty)

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