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Thursday, August 18th, 2016

OSC says Coventree withheld looming ABCP crash from investors

JACQUIE MCNISH AND JEFF GRAY After weeks of scrambling to resuscitate the ailing asset-backed commercial paper (ABCP) market in the summer of 2007, a senior executive with Coventree Inc. sent an ominous e-mail to company officers. Warning that the Caisse de dépôt et placement du Québec would likely stop supporting the troubled market, Coventree’s head of capital markets David […]

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