OTTAWA, Sept 15 (Reuters) - The Bank of Canada injected a total of C$1.885 billion ($1.76 billion) into markets on Monday to lower the overnight interest rate toward the central bank's target and improve liquidity.
The bank operates through Special Purchase and Resale Agreements, or SPRAs, buying securities with the agreement to sell them back in the next business day, effectively injecting money into markets.
($1=$1.07 Canadian)
(Reporting by Louise Egan; Editing by Peter Galloway) Keywords: CANADA CREDIT/SPRA
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