In closing, let me underline the Central Bank’s commitment to partnership with the banking industry in facilitating the development of a sound banking system with highly trained professionals that would improve the standards and mobilize the substantial resources required for our country’s development.
A lower threshold could help clear the market, while the Bank’s program would remain available to primary dealers as a backstop. The goal is to encourage Government of Canada securities holders, which may include not only domestic investors but also central banks and sovereign wealth funds, to lend out their securities before the Bank has to intervene.