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A Balancing Act: Making the Canadian Secured Credit Facility Work

Author

Listed:
  • Alexandre Laurin

    (C.D. Howe Institute)

Abstract

The 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.

Suggested Citation

  • Alexandre Laurin, 2009. "A Balancing Act: Making the Canadian Secured Credit Facility Work," e-briefs 76, C.D. Howe Institute.
  • Handle: RePEc:cdh:ebrief:76
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    File URL: https://www.cdhowe.org/public-policy-research/balancing-act-making-canadian-secured-credit-facility-work
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    More about this item

    Keywords

    Canadian federal budget; Business Development Bank of Canada; asset-backed securities; financial liquidity;

    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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