The rate spread at the Bank of Canada for LVTS balances is ________.
A) 300 basis points
B) 200 basis points
C) 50 basis points
D) 25 basis points

Question

Quizplus · Accepted Answer

The rate spread at the Bank of Canada for LVTS (Large Value Transfer System) balances is 50 basis points. This spread is the difference between the Bank of Canada's target for the overnight rate and the rate at which financial institutions can borrow or lend their LVTS balances overnight.

The Rate Spread at the Bank of Canada for LVTS