Trade disputes and protectionism will dampen exports, but the USMCA removes uncertainties
IIROC will publish one- and three-month BA rates on its website beginning in January 2019
Downgrades of speculative-grade liquidity ratings slightly outnumbered upgrades in August
Energy, telecom and agricultural products companies accounted for most of the downgrades
Publishing the data recognizes IIROC’s ability to leverage data already collected by it for regulatory purposes
Corporate debt levels for non-financial companies are now higher than they were in the run up to the global financial crisis,
Corporate liquidity remains healthy
Investors expect to increase their allocations to core fixed-income portfolios
The rate is projected to continue a downward path in 2018
Looking ahead, the unwinding quantitative easing programs will pose challenges to both borrowers and lenders