Saudi fund managers ordered to liquidate their Canadian assets – IOTW Report

Saudi fund managers ordered to liquidate their Canadian assets

Market Watch:

Saudi Arabia’s central bank has instructed its fund managers to sell off their Canadian holdings, three people familiar with the matter said, the latest move in a widening diplomatic row that has also hit trade between the two countries as well as Saudi students studying abroad.

The Saudi decision to liquidate Canadian financial assets is poised to affect hundreds of millions of Canadian dollars worth of equities, bonds and cash. The relatively small selloff isn’t expected to carry a major financial impact for Canada, but it marks a sharp escalation of a spat that erupted from a Canadian government tweet.  more here

7 Comments on Saudi fund managers ordered to liquidate their Canadian assets

  1. The usual suspects are upset that Trump hasn’t leaped into the fray to defend Canada from Saudi Twitter threats.

    Apparently, their ADHD does not allow them to remember that Obama gave Trudeau orders to undermine Trump and that is what has happpened for the last two years.

    From NAFTA and trade, to tariffs, to transgenders, to illegal immigration, to the G7, Trudeau has never missed an opportunity to act like the fruity faggot he is and try to be the White Obama standing against our interests on the world stage.

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