The Bank of Canada maintains a number of facilities, and it recently announced the creation of a new facility, by which they provide liquidity; so they lend, essentially, on the basis of security posted by financial institutions and other investors. This is done very much on a demand basis. So the bank will say they're willing to lend up to x amount, the rates are established by a competitive auction process, and the amount that goes out the door is a function both of the limit the bank is willing to establish and how much institutions are interested in drawing on these facilities.
