UPDATE 2-Canada rejects Chrysler, GM plans, but offers loans

Newswire

(Adds details, quotes) OTTAWA, March 30 (Reuters) - Canada said on Monday that current plans set out by the Canadian branches of General Motors Corp and Chrysler LLC [CBS.UL] do not go far enough to make them viable, but it offered C$4 billion ($3.2 billion) in bridge loans to tide the companies over while they restructure. The federal government and the provincial government of Ontario will close an interim financing deal with Chrysler on Monday for C$1 billion, advancing C$250 million ...

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