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Benjamin Tal, deputy chief economist, CIBC in Toronto on October 20, 2009.
Benjamin Tal, deputy chief economist, CIBC in Toronto on October 20, 2009.
(Anne-Marie Jackson/The Globe and Mail)

'Short Canada' strategy gains traction among global investors

The “short Canada” trade has reached a fork in the road. One path is the one that it’s already on: A contrarian play deployed by relatively few fund managers willing to bet against Canada’s financial institutions and government debt. The other: Mainstream, which would see a wave of big-money investors join those hoping to profit from a sharp decline in a key sector of the Canadian economy.