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Ottawa backs interbank loans
OTTAWA–The federal government is creating what it`s calling the Canadian Lenders Assurance Facility, guaranteeing wholesale term borrowing by the country`s banks.
Finance Minister Jim Flaherty said today the "temporary program" will support the banks "on commercial terms so there is no xpected cost to Canadian taxpayers."
http://www.thestar.com/Business/article/522963
OTTAWA–The federal government is creating what it`s calling the Canadian Lenders Assurance Facility, guaranteeing wholesale term borrowing by the country`s banks.
Finance Minister Jim Flaherty said today the "temporary program" will support the banks "on commercial terms so there is no xpected cost to Canadian taxpayers."
http://www.thestar.com/Business/article/522963