UPDATE 1-Canada triples potential mortgage securities buying to C$150 billion
Canada is tripling the size of
its Insured Mortgage Purchase Program (IMPP) in an effort to
bolster funding for banks and mortgage lenders dealing with
tightening in credit markets due to the economic impact of the
coronavirus outbreak.
its Insured Mortgage Purchase Program (IMPP) in an effort to
bolster funding for banks and mortgage lenders dealing with
tightening in credit markets due to the economic impact of the
coronavirus outbreak.
Posted by Reuters
