After a recent round of deals that saw Canadian banks securitizing their own assets - Bank of Nova Scotia recently securitized over $1 billion of its personal lines of credit and Royal Bank of Canada securitized C$349 million of its credit card receivables at the end of last month - the jury is still out on whether these banks are going to be actively securitizing this year.

But if last year was any indication, the answer seems to be negative. Dominion Bond Rating Service's (DBRS) year-end report said that asset-backed oustandings pertaining to bank assets exhibited very little growth in 2000.

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