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BoC Deputy Governor Gravelle says Canadian financial institutions should not worry about using standard liquidity facility for overnight liquidity
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Bank of Canada Deputy Governor Gravelle emphasized that Lynx members should comfortably access the routine Standing Liquidity Facility for overnight shortfalls rather than holding excess precautionary reserves.
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SLF is s a routine facility. Any member of Lynx should feel comfortable using the SLF for unexpected shortfalls in end-of-day liquidity instead of holding extra reserves just to avoid SLF draws.
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