When the Bank of Canada wants to undertake open market operations,it

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When the Bank of Canada wants to undertake open market operations, it can buy or sell securities by writing a cheque. This is commonly referred to as "buying/selling securities on the open market," which is how the Bank influences the money supply in the economy. The Bank of Canada does not require commercial banks or member banks to buy from or sell to it. It also does not buy from or sell to the Canadian Treasury as a means of conducting open market operations.

When the Bank of Canada Wants to Undertake Open Market