A Balancing Act: Making the Canadian Secured Credit Facility Work
AbstractThe January 2009 federal budget proposed funding a “Canadian Secured Credit Facility” as part of an economic action plan. This Facility will allocate up to $12 billion to purchases of term asset-backed securities (ABS) for loans and leases on vehicles and equipment. The Facility will be managed by the Business Development Bank of Canada (BDC), which has since conducted consultations on the proposal.
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Bibliographic InfoPaper provided by C.D. Howe Institute in its series e-briefs with number 76.
Length: 6 pages
Date of creation: Mar 2009
Date of revision:
Publication status: Published on the C.D. Howe Institute website, month, year
Canadian federal budget; Business Development Bank of Canada; asset-backed securities; financial liquidity;
Find related papers by JEL classification:
- E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
- H81 - Public Economics - - Miscellaneous Issues - - - Governmental Loans; Loan Guarantees; Credits; Grants; Bailouts
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