The Bank of Canada urged financial institutions to use its Standing Liquidity Facility for overnight liquidity when needed, saying such borrowing should not be interpreted as a sign of financial stress. In a joint statement with the Office of the Superintendent of Financial Institutions, Canada’s banking regulator, the central bank described advances through the facility as normal liquidity management. Deputy Governor Toni Gravelle said the Bank of Canada is also strengthening repo market (short-term secured lending) operations through a new tri-party platform intended to support the term repo market and attract participants such as large corporate treasuries. Repo markets underpin government bond trading and short-term funding, but their scale also means they can transmit stress when conditions deteriorate.