It is believed that the program will accelerate or facilitate access to credit for individual consumers, when they are seeking a car loan, for example. Does it target individual consumers? Average working people today are facing difficulty obtaining a loan to buy a car, not because of their personal situation, but because of the current market conditions, or the recession. A year ago today, they would have been able to obtain the same loan. This problem does not affect only Canadians, but businesses and automobile retailers. How will the program actually work? Will it allow people to obtain a car loan?
On March 3rd, 2009. See this statement in context.