reportonbusiness.com: notSet

Posted AT 12:53 PM EDT on 08/07/08

Central bank signals worst of credit woes over

KEVIN CARMICHAEL

Globe and Mail Update

OTTAWA — The Bank of Canada ended a short-term emergency lending program, signaling the worst of the credit crisis is over. Canada's central bank said today it won't renew a $1-billion “term purchase and resale agreement” set to expire July 10. Policy makers closed an additional $1-billion credit line June 23.

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