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The Government's actions under the Extraordinary Financing Framework have contributed significantly to improved credit conditions. During 2010, aided by the Canadian Secured Credit Facility, $12.5 billion of asset-backed securities backed by vehicle and equipment loans and leases, floorplan financing, and credit card receivables was issued, the most since 2006. Further evidence of normalization of capital markets hit hard by the financial crisis has been appearing. For example, the Business Development Bank of Canada recently announced the sale of $250 million in asset-backed securities it had purchased under the Canadian Secured Credit Facility.
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