A Balancing Act: Making the Canadian Secured Credit Facility Work
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.
|Date of creation:||Mar 2009|
|Date of revision:|
|Publication status:||Published on the C.D. Howe Institute website, month, year|
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