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A Balancing Act: Making the Canadian Secured Credit Facility Work

  • Alexandre Laurin

    (C.D. Howe Institute)

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    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.

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    Paper provided by C.D. Howe Institute in its series e-briefs with number 76.

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    Length: 6 pages
    Date of creation: Mar 2009
    Date of revision:
    Publication status: Published on the C.D. Howe Institute website, month, year
    Handle: RePEc:cdh:ebrief:76
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