I think this is particularly interesting because Canadians all seem to believe their country is immune to the financial realities faced by other nations. Also, timely because Germany just experienced a similar lack of bids on their November 23rd bond auction.
Excerpt from article:
Finance officials bit their nails and nervously watched the clock. There were 30 minutes left in a bond auction aimed at funding the deficit and there was not a single bid. Sounds like today’s Italy or Greece? No, this was Canada in 1994.