Canada welcomes first independent bond index


Our neighbors to the north will soon have their first independent bond index. Standard & Poor’s has announced that it is to launch Canada’s first independent fixed-income index during the first quarter of 2005. The index, which will be known as the S&P/TSX Canadian Bond Index, will be calculated and distributed in collaboration with CIBC World Markets, RBC Capital Markets and TSX Inc.

The Canadian bond market already has several broker-dealer fixed-income indices. Steve Rive, vice-president o

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