Waiting for results in Canada
Investors worldwide waited by their screens for the results of the Quebec referendum on separation from Canada. With holdings in Canadian government and corporate debt surpassing the C$350 bn mark, billions of dollars in potential losses hung in the balance. For debt portfolio managers worldwide, it was as long a night as it was for the people of Canada. The final result (50.6 per cent voting to stay in Canada) came unusually late in the evening, but the numbers were just conclusive enough
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