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Chasing Commas (guest: Joseph Wang)

The Market Huddle

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Canadian Dollars - What's the Difference?

Bank of canadada gives on fed canadian dollars. Now there's no country risk, because so the fet has so standing i fix swamp lines with their best friends. The difference is that if you are a canadian, if you're the canadian central bank, you have infinite amounts of canadian Dollars. So it's never a constraint for your riYou can create as many canadian dollars as you write. It allows a sovereign to convert treasuries to dollars without going to the market. They expanded out of government agencies, a mortgage back switches, whatever and effect swaps into corporates. I would love to hear any thoughts you had about that, any insights.

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