It's there to provide liquidity in extreme circumstances to the financial system as a whole. It would not be a credit backstop for any particular investor.
On February 17th, 2015. See this statement in context.
On February 17th, 2015. See this statement in context.
February 17th, 2015 / 10:10 a.m.
Chief, Financial Markets Department, Bank of Canada
It's there to provide liquidity in extreme circumstances to the financial system as a whole. It would not be a credit backstop for any particular investor.
See context to find out what was said next.