Caisse de depot's C$500m sub-prime woes

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CANADA - Caisse de depot et placement du Québec (Caisse) has made public a potential C$500m (US$500m) write-down due to sub-prime asset backed commercial paper (ABCP).

The C$144bn Caisse holds C$13.2bn of ABCP, of which C$1bn has been exposed to the sub-prime market. Henri-Paul Rousseau, president and chief executive officer of the Caisse, said: "This might se...

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