Global Trade Alert
Global Trade Alert

Canada: Bank of Canada purchases commercial papers of Daimler Canada Finance Inc under the Commercial Paper Purchase Program

Announcement

09 Apr 2020

In April 2020, the Bank of Canada announced the purchase of CAD 70 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

09 Apr 2020

Revocation date:

No revocation date

State loan In force

On 9 April 2020, the Bank of Canada purchased the commercial paper of Daimler Canada Finance Inc. The volume of the transaction is CAD 70 million (USD 50.04 million). The Bank of Canada conducted the ...

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