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
Implementation date
09 Apr 2020
Revocation date:
No revocation date
Announced: 09 Apr 2020
Debt purchase
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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