The Bank of Canada increased the frequency of repo operations to twice per week and for much larger amounts—peaking at $ billion per operation. We broadened both the list of financial institutions we engage with and the type of collateral we accept. We also extended the terms of our repo operations for durations of up to 24 months.
Though the heterogeneous and unorganised nature of the sector poses inherent challenges for a credible estimate, the fact remains that there is considerable credit gap, which is a matter of serious concern and needs to be bridged if the sector has to foray into the next level of growth trajectory. 11.