Slow Growth For Canadian Junk

Laughlin, Kate
April 2006
Investment Dealers' Digest;4/24/2006, Vol. 72 Issue 16, p14
Trade Publication
The article reports on the slow growth in the Canadian speculative-grade bond market after a year of lifting the Foreign Property Rule. According to the RBC Capital Markets figures, the first five weeks of 2006 show that bond issuance in Canada has more than doubled from 2005, but most come from high-rated foreign financial institutions. Due to Canadian investors' aversion to high yield, many speculative-grade borrowers turn to U.S. bond or bank loan markets for funding.


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