Canada seeks advice on C$12 bln vehicle loan fund

Newswire

TORONTO, Feb 23 (Reuters) - Canada is asking for advice on how to best spend C$12 billion ($9.6 billion) that it has earmarked for buying up securities backed by loans and leases on vehicles and equipment. The federal government said on Monday it has launched a consultation process on implementing the Canadian Secured Credit Facility and wants to hear from Canadians on how it should be structured. "We are taking this additional step to help the competitiveness of the auto industry and ...

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