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Commentary
Canso 2003 Winter Corporate Bond Newsletter

Loose monetary policy and a strong North American economy restored confidence to the credit markets in 2003. With plentiful liquidity chasing investment opportunity, portfolio managers, financial institutions and retail investors provided a strong and sustaining bid for corporate bonds. The corporate bond market in Canada resumed its spread narrowing, with substantial momentum, in the fourth quarter of 2003.

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Canso 2003 Winter Corporate Bond Newsletter