Canadian Mart Saddled With CAD832B In CDS

17 Sep 2008

Canada’s six largest banks hold about CAD832 billion (USD771.2 billion) in credit default swaps, and may have been spared severe losses thanks to the U.S. Federal Reserve‘s rescue of American International Group. According to analyst Andre-Philippe Hardy of RBC Capital Markets, AIG is a counterparty to CAD441 billion ...

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