Thursday , October 22 2020

News

Argentina vies for holdout-free debt deal as deadline nears

Bloomberg By almost every reckoning, Argentina’s $65 billion debt restructuring will be approved by a wide margin this weekend. But investors are on alert for the small risk that holdouts could make things complicated. While there’s little threat to the broad plan for most creditors to accept new bonds valued ...

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Justin Trudeau’s deficit balloons as income support smashes records

Bloomberg Canada’s budget deficit hit C$120.4 billion ($92 billion) in the three months through June, already more than double the largest yearly shortfall the country has ever run. Program expenses surged to C$167.9 billion, up 117% over the same time last year, as the government rolled out massive support for ...

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