Can. Pledge Aimed Get Banks To Lend

28 Jan 2009

The Canadian government has pledged to expand its insure mortgage purchase program by C$50 billion ($40.8 billion) in an effort to get banks to start lending again.

The Canadian government has pledged to expand its insure mortgage purchase program by C$50 billion ($40.8 billion) in an effort to get banks to start lending again. The increase brings the total of the program to C$125 billion ($102.5 billion), with the government having already spent nearly C$40 ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial