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IPFS News Link • Economy - International

Banks in Canada move to ease subprime pain

8-17-2007 • Bloomberg

The accord may lift a money-market freeze in Canada sparked by the meltdown in the U.S. subprime mortgage market. Commercial paper trusts have been unable to sell debt coming due this week. "This is a bad precedent, it's a bailout," sai

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Reported By Powell Gammill

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Banks in Canada move to ease subprime pain

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