Sharp improvement in Asia-Pacifiic, Latin America
Funding growth with limited ability to access capital markets will be one of the overall system’s larger financial challenges in coming years
Only Canada, Austria and Denmark would display fiscal deficits now associated with speculative grade sovereigns
Canada’s budgetary balance to remain strongest of G7 nations in 2006, 2007
Move supported by Bear Stearns’ balanced-business mix strategy
Proposed framework will achieve transparency
Goal is to ensure integrity and transparency
Quality declines in North America as number of downgrades rises
Conservatives expected to maintain fiscal discipline
Strong commitment from RBC, Dexia BIL