Canada puts C$50 bln more in mortgage plan

Newswire

OTTAWA, Jan 27 (Reuters) - The Canadian government said on Tuesday it would seek to bolster the financial system and improve access to financing by committing an additional C$50 billion ($41 billion) to a program that buys insured mortgages and by giving itself the authority to inject capital into banks and financial firms that need support. The government said in its 2009 budget that it will also set up several programs to help thaw credit markets, including creating a secured credit ...

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