Canadian ABCP Still Struggling

08 Apr 2010

Canada’s asset-backed commercial paper market is still struggling a year after investment banks and pensions funds restructured some $32 billion of the notes.

Canada’s asset-backed commercial paper market is still struggling a year after investment banks and pensions funds restructured some $32 billion of the notes. While there is a developing market, says Dan Williams, an independent consultant, “it’s very opaque, so it’s very difficult to know what’s going on.” Williams ...

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