Posted on 16/10/07
Frozen debt funds to start flowing
Some investors in Canada's frozen $34-billion asset-backed commercial paper market could see their money as soon as early November, sources say.The hunt for a way to free the market, which seized up in August amid concern the paper was backed by souring U.S. subprime loans, received new life when big players agreed yesterday to extend talks on a restructuring until mid-December.
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