Announcement
29 May 2020
In May 2020, the Bank of Canada announced the purchase of CAD 50 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
1 in force
Implementation date
29 May 2020
Revocation date:
No revocation date
State loan
In force
On 29 May 2020, the Bank of Canada purchased the commercial paper of Volkswagen Credit Canada Inc. The volume of the transaction is CAD 50 million (USD 36.79 million). The Bank of Canada conducted the...
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