Meanings of gives the bank in English

That gives the bank -and Italy -a potentially useful stick to enforce a belated bail-in.

Not being publicly traded also gives the bank a flexibility its big Toronto-based competitors do not have, he said.

It gives the bank a good slice of the pension market, a market where Lifetime had failed to build any presence.

A spokesman said the move gives the bank further access to international capital markets and new non-domestic investors, deepening and diversifying its funding sources.

With long-term debt and equity covering just 23 percent of BTG Pactual's funding needs, the FGC facility gives the bank access to longer-termed money.

However, last month's recapitalisation gives the bank the ability to withstand some losses, both on its loans to family companies and its exposure to Angola.

Growth is strong and unemployment dropping but the near total absence of inflation gives the Bank no urgency to act.

Morneau's move gives the Bank of Canada more latitude to keep interest rates low for longer, said Royal Bank of Canada senior economist Robert Hogue.