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Bad paper.
- Source :
- Canadian Business; 11/19/2007, Vol. 80 Issue 23, p34-35, 2p, 1 Color Photograph, 1 Black and White Photograph
- Publication Year :
- 2007
-
Abstract
- The article discusses that a financial crisis in Canada has begun because non-bank asset-backed commercial paper has become illiquid in the amount of about $7 billion Canadian dollars. Investors are unable to get their money out for use causing major write-downs. No new investors are stepping up to allow rollover to occur and more paper to be issued.
Details
- Language :
- English
- ISSN :
- 00083100
- Volume :
- 80
- Issue :
- 23
- Database :
- Complementary Index
- Journal :
- Canadian Business
- Publication Type :
- Periodical
- Accession number :
- 27778516