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GM Generali

23.40
-0.18 (-0.76%)
15 Jul 2024 - Closed
Realtime Data
Share Name Share Symbol Market Type
Generali AQEU:GM Aquis Europe Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.18 -0.76% 23.40 23.48 23.49 23.67 23.40 23.49 203,680 16:50:27

Canada Fin Min:Bulk Of C$12 Billion Facility For Auto Loans Used

08/06/2009 4:34pm

Dow Jones News


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Canadian Finance Minister Jim Flaherty said Monday only $1 billion of a C$12 billion secured credit facility to help consumers and businesses access financing for vehicles and equipment remains to be allocated, and this will be done in August.

Under the program, the government purchases newly-issued term asset-backed securities backed by loans and leases on vehicles and equipment, and inventory loans. Lenders holding these securities would then have room to extend new loans and leases.

The facility was unveiled in the January budget and officially rolled out last month.

In a statement, Flaherty said C$11 billion has been allocated, including C$1 billion set aside for smaller players. Fifteen lenders received allocations under the large enterprise tranche in mid-May.

-Nirmala Menon, Dow Jones Newswires; 613-237-0668; nirmala.menon@dowjones.com

 
 

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