As Spain, So goes Quebec

Data from the European Central Bank shows that outflows from Spanish commercial banks reached €74bn (£59bn) in July, twice the previous monthly record. This brings the total deposit loss over the past year to 10.9pc, replicating the pattern seen in Greece as the crisis spread. the telegraph

We don’t track capital flows by province in Canada.

But were I a betting man I would put dollars to, er, well Frappachinos, that the smart money in Quebec is moving fast.

 

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One thought on “As Spain, So goes Quebec

  1. Thank you for this lens very interesting

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