In addition to the good weather, the golf and the deluge of investors who attended the Whistler conference - there were fifty free seats alloted for investors and they were oversubscribed - the news looks good for Canadian ABS. For one, certain types of liquidity lines for Canadian conduits may continue to attract zero percent risk weighting even when the new Basle rules come in, according to a presentation by Tom Boemio of the Federal Reserve Board and Brad Shinn of the Office of the Superintendent of Financial Institutions.

The mood for the public market was pretty "upbeat." Some participants pointed to the growth in ABCP issuance that may eventually reach a saturation point, a factor that would cause the movement towards the public arena.

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