Just to be clear, the Bank of Canada can control the overnight rate if it moves outside of the "operating band" by directly intervening in the market with overn

Just to be clear, the Bank of Canada can control the overnight rate if it moves outside of the "operating band" by directly intervening in the market with overnight repo and reverse repo operations [1]. [1] http://www.bankofcanada.ca/2015/10/overnight-repo-overnight-reverse-repo-operations/ http://www.bankofcanada.ca/2015/10/overnight-repo-overnight-...