In Canada, an early symptom of the U.S. subprime mortgage market problem was the ________.

Question

Quizplus · Accepted Answer

The freezing of the asset-backed commercial paper market was an early symptom of the U.S. subprime mortgage market problem in Canada. This occurred in August 2007 when investors began to lose confidence in the market and demand for these securities plummeted. This, in turn, caused a freeze in the market, meaning that investors were no longer willing to buy or sell asset-backed commercial paper.

In Canada, an Early Symptom of the U