Global Trade Alert
Global Trade Alert

Canada: Bank of Canada purchases commercial papers of Lakeshore Trust under the Commercial Paper Purchase Program (COVID-19)

Announcement

02 Apr 2020

In April 2020, the Bank of Canada announced the purchase of CAD 45 million in commercial papers from Lakeshore Trust 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 2020, the Bank of Canada purchased the commercial paper of Lakeshore Trust. The volume of the transaction is CAD 45 million (USD 31.50 million). The Bank of Canada conducted the transaction...

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