Announcement
02 Apr 2020
In April 2020, the Bank of Canada announced the purchase of CAD 35 million in commercial papers from Paccar Financial Ltd as part of the Commercial Paper Purchase Program (CPPP) to support financial market stability during the COVID-19 pandemic.
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Number of interventions
1
1 certainly harmful
0 likely harmful
0 liberalising
List of interventions
1 in force
Implementation date
02 Apr 2020
Revocation date:
No revocation date
State loan
In force
On 2 April, the Bank of Canada purchased the commercial paper of Paccar Financial Ltd. The volume of the transaction is CAD 35 million (USD 24.5 million). The Bank of Canada conducted the transaction ...
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