Global Trade Alert
Global Trade Alert

Canada: Bank of Canada purchases commercial papers of Husky Energy Inc under the Commercial Paper Purchase Program

Announcement

17 Apr 2020

In April 2020, the Bank of Canada announced the purchase of CAD 20 million in commercial papers from Husky Energy 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

17 Apr 2020

Revocation date:

No revocation date

State loan In force

On 17 April 2020, the Bank of Canada purchased the commercial paper of Husky Energy Inc. The volume of the transaction is CAD 20 million (USD 14.54 million). The Bank of Canada conducted the transacti...

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