Canadian Dollar Liquidity Falls In Asia Following CIBC And BMo Cuts

BANKS

SINGAPORE--Canadian dollar liquidity has been suffering in Asia, following the withdrawal of the Canadian Imperial Bank of Commerce (CIBC) and the Bank of Montreal (BMo) from the regional interbank market earlier this year, sources say.

The liquidity problem has been highlighted in recent months by Canadian dollar spreads in the region. These have widened from five to 10 points during volatile trading in recent months, which is considerably more than in the Toronto or London markets.

Sources

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