Canada previously announced on Dec 13 08 that $2.8 billion in emergency bailout loans would become available to the automakers, if the US introduced a bailout first. As the Bush Administration has now approved a $17.4 billion bailout, Canadian PM Stephan Harper is set to announce details on a Canadian automaker bailout this Saturday. Ottawa previously announced it will pledge up to $2.8 billion in aid to the auto-sector in Canada, a proportional amount in terms of Canada’s 20% North American auto sector share. If we use the auto-sector share as an indication as to what amount Canada will provide for the bailout, the amount could top $4 billion, almost double than what was previously announced.