The funds are provided with maturities of up to four years, against collateral such as government securities, at a very low interest rate.
Remarks by Tiff Macklem Governor of the Bank of Canada Council on Foreign Relations October 7, 2021 Washington, D.C. (via webcast)  The long and short of it: A balanced vision for the international monetary and financial system Introduction Thank you for your kind introduction. I’m very pleased to be here with you, virtually at least.