CANADIAN BANK RATE RISES IN WEEK
Canada's key bank rate rose to 7.20 pct
from 7.15 pct the week before, Bank of Canada said.
    Bank rate is set 1/4 percentage point above the average
yield on the weekly issue of 91-day treasury bills. This week's
yield was 6.95 pct compared with the previous week's 6.90 pct.
    Tenders were accepted for 2.55 billion dlrs of 91-day bills
at an average price of 98.296 dlrs against 98.310 dlrs last
week.
    The 1.40 billion dlrs of 182-day bills were priced at an
average 96.488 dlrs against 96.549 dlrs last week, to yield an
average 7.30 pct, versus 7.17 pct last week.
    The 500 mln dlrs of 364-day bills were priced at an average
92.969 dlrs against 93.159 dlrs last week, to yield an average
7.58 pct versus 7.38 pct last week.
    Tenders will be received next week for 2.50 billion dlrs of
 91-day bills, 1.40 billion dlrs of 182-day bills and 500 mln
dlrs of 364-day bills.          
 Reuter
