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Budget offers a $70-billion credit kickstart

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Budget hits and misses

CP Video - Tuesday, January 27, 2009 at 5:06 EST

After a torrent of leaks there were still some surprises in the 2009 federal budget. Canadian Press reporters Rob Russo and Bruce Cheadle look at the hits and misses in the financial plan

Globe and Mail Update

OTTAWA, TORONTO — The federal government is extending its reach into Canada's financial system in a bid to support banks and borrowers, making almost $70-billion in new credit available and planning new powers such as the ability to buy stakes in financial institutions should they need capital injections.

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