From the CBC: Budget backs mortgage, vehicle lenders.
The 2009 federal budget extends a multibillion-dollar measure intended to make it easier for consumers to find a loan for the biggest purchase they will ever make — a house.
A second measure is aimed at making it easier to buy cars, trucks and equipment.
But neither plan will put money directly into the hands of buyers: both will operate by having the government purchase loans from financial institutions, making it easier for lenders to make new loans.
The measures are aimed at addressing the credit crunch, the reluctance of lenders in some markets to make loans amid the current financial turmoil.