Canadian asset-backed securities issuance grew at a snail's pace during 2000. While there is potential to see significant growth in some ABS sectors, along with new regulations, Canadian market observers are not expecting a huge increase in issuance for 2001.
As of October 31, 2000, the close of the Canadian bank year, asset-backed commercial paper issuance stood at C$56.8 billion, up from $53 billion in 1999. ABCP issuance was expected to hit around $60 billion by the end of the year. Asset-backed term issuance totaled $19 billion, up from $13 billion in 1999.