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Industry Report Card: Rating Responses To Changes In Distributions And Unit Prices In The Canadian Income Fund Market Jul 06 Product Image

Industry Report Card: Rating Responses To Changes In Distributions And Unit Prices In The Canadian Income Fund Market Jul 06

  • Published: July 2006
  • Standard & Poors

Abstract
The Bank of Canada recently raised its bank rate to 4.25%, the seventh increase in a row, and indicated that the rate is at a level that it believes will return inflation to the 2.0% target. The bank's action underscores its view that the Canadian economy is moderating. At the same time, the Canadian dollar dances around the 90 U.S. cent mark. A stronger Canadian dollar and higher interest rates, albeit stabilizing, might be interpreted as a signal that the Canadian income fund market could be facing some challenging days ahead. According to the latest losses in the global equity markets, these challenges are already materializing. In light of a prospectively softer economy, potentially waning international demand for domestic goods...

Companies mentioned in this report are: RioCan Real Estate Investment Trust,Algonquin Power Co.,Atlantic Power Limited Partnership,Inter Pipeline Fund,AltaGas Ltd.,Veresen Inc.,Gaz Metro Ltd. Partnership

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit READ MORE >

RioCan Real Estate Investment Trust,Algonquin Power Co.,Atlantic Power Limited Partnership,Inter Pipeline Fund,AltaGas Ltd.,Veresen Inc.,Gaz Metro Ltd. Partnership

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