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Quebec Eyes More Foreign Bond Sales as Local Market Gets Crowded

  • Canadian province may sell bonds in U.S. dollars or euros
  • Government sees more investment and exports, 1.6% GDP growth
A stack of twenty euro banknotes are arranged for a photograph inside a Travelex store, operated by Travelex Holdings Ltd., in London, U.K., on Monday, Jan. 12, 2015. The euro approached a nine-year low against the dollar as European Central Bank officials fueled speculation the institution will start a program of government-bond buying as early as next week to stave off deflation.
Photographer: Simon Dawson/Bloomberg

Quebec may issue more bonds in foreign currencies as the federal government and other provinces crowd the Canadian debt market.

“It’s probably a share of our activity that’s bound to increase in coming years,’’ Finance Minister Carlos Leitao said in an interview in Montreal Thursday. “There’s going to be a lot of Canadian products in the market, so to see what’s going on abroad is never a bad idea.’’