A Balancing Act: Making the Canadian Secured Credit Facility Work

Alexandre Laurin
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Alexandre Laurin: C.D. Howe Institute

No 76, e-briefs from 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.

Keywords: Canadian federal budget; Business Development Bank of Canada; asset-backed securities; financial liquidity (search for similar items in EconPapers)
JEL-codes: E51 H81 (search for similar items in EconPapers)
Pages: 6 pages
Date: 2009-03
New Economics Papers: this item is included in nep-mac
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Citations: View citations in EconPapers (2)

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