Credit card performance picks up, yet strains remain
Equities retirements outpace issuance for 10th straight quarter
Canadian investors jumped into U.S. stocks, while foreign investors dumped domestic equities
Refinancing activity drove new issue spike, even as defaults rise
Asset quality, capital expected to remain strong
Effects likely to be focused on weaker, low-rated issuers
The loan is repayable with interest
Association has made no provision for $2.6 million in ongoing legal claims
Defaults, delinquencies poised to rise for rate-sensitive borrowers
Bond issuance up, driven by accelerated refinancing