TITLE

Slow Growth For Canadian Junk

AUTHOR(S)
Laughlin, Kate
PUB. DATE
April 2006
SOURCE
Investment Dealers' Digest;4/24/2006, Vol. 72 Issue 16, p14
SOURCE TYPE
Trade Publication
DOC. TYPE
Report
ABSTRACT
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.
ACCESSION #
20634371

 

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