"Of or relating to assets that are identical in quality and are interchangeable. Commodities, options, and securities are fungible assets. For example, an investor's shares of Xerox left in custody at a brokerage firm are freely mixed with other customers' Xerox shares. Likewise, stock options are freely interchangeable among investors, and wheat stored in a grain elevator is not specifically identified as to its ownership."
Bank of Canada Provides Liquidity
Banks and Pension Funds Band together to provide liquidity to ABCP market
Notably, the TSX is down over 4.5% so far today in what I would term panic selling at this point in one of the most volatile days that I can remember. From the year's highs in July, the TSX is down approximately 14%. For comparison purposes, the Canadian Value Index is down approximately 11%.