The Bank of Canada has announced:
further details of its temporary additional Term Purchase and Resale Agreement (PRA) facility for private sector money market instruments.
Further details of an auction to be held on 27 October will be announced on 23 October.
This term PRA will be transacted with Primary Dealers (PDs)1 on a direct basis and other eligible money market participants on an indirect basis. Eligible indirect bidders will consist of institutions which can demonstrate significant activity in the Canadian dollar wholesale money markets and which are subject to Federal or Provincial regulation.
OK, so this must have been what the Globe was talking about on October 15. It was the third point of the October 14 announcement that was being referred to, not the second:
Third, to enhance the functioning of money markets, the Bank of Canada will, on a temporary basis, offer a new Term PRA facility for primary dealers on a direct basis and other money market participants on an indirect basis. (See appendix for further details)
Mea culpa.