Canada to issue up to $3B in U.S. dollar bonds

Here’s an interesting story. The Canadian government is issuing bonds dominated in U.S. dollars. I didn’t know the Canadian government had done this before. The article said that it’s the first foreign currency offering in more than a decade.
I support these kinds of products. For one, it keeps governments honest plus it helps diversify your debt obligations. I’d like to see the U.S. Treasury issue debt dominated in things like euros, gold, silver, oil and even shares in AIG and Fannie Mae.

Posted by on August 31st, 2009 at 8:29 am

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