The Canadian debt market is dwarfed by its US neighbour but is growing fast, following a decision to scrap 30-year-old restrictions on foreign investment.
US and European borrowers raised 20 bonds denominated in Canadian dollars by February 15, up from a dozen last year. Volumes have risen by a third to $4.5bn (€3.8bn) equivalent, according to Dealogic, a banking research company.
