Announcement
06 Apr 2020
In April 2020, the Bank of Canada announced the purchase of CAD 20 million in commercial papers from Volkswagen Credit Canada 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
Implementation date
06 Apr 2020
Revocation date:
No revocation date
Announced: 06 Apr 2020
Debt purchase
In force
On 6 April 2020, the Bank of Canada purchased the commercial paper of Volkswagen Credit Canada Inc. The volume of the transaction is CAD 20 million (USD 14.17 million). The Bank of Canada conducted th...
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