Announcement
13 Apr 2020
In April 2020, the Bank of Canada announced the purchase of CAD 110 million in commercial papers from Daimler Canada Finance Inc 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
13 Apr 2020
Revocation date:
No revocation date
State loan
In force
On 13 April 2020, the Bank of Canada purchased the commercial paper of Daimler Canada Finance Inc. The volume of the transaction is CAD 110 million (USD 82.5 million). The Bank of Canada conducted the...
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