Bank of Canada to add certain C$ ABS to approved collateral list

Thu Jan 29, 2015 3:47pm EST
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OTTAWA Jan 29 (Reuters) - The Bank of Canada announced plans on Thursday to add certain Canadian-dollar denominated term asset-backed securities to the list of eligible collateral under the central bank's Standing Liquidity Facility.

The acceptable asset-backed securities would include those backed by residential mortgages. The change is slated to take effect on March 31.

(Reporting by Randall Palmer)