Ottawa aids auto leasing, but plan may fall short

Newswire

By John McCrank TORONTO, Jan 28 (Reuters) - Ottawa's move to provide up to C$12 billion ($10 billion) to loosen financing for vehicle and business equipment loans and leases was welcomed by the struggling Canadian auto sector on Wednesday, but more needs to be done, industry members said. The Canadian government included a plan in its annual budget on Tuesday under which it will buy securities backed by loans and leases on vehicles and equipment from banks and other regulated financial ...

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