Borrowing in the form of debt securities by Canadian governments and corporations totalled $46.5 billion in the fourth quarter of 2022, the lowest level since the first quarter of 2021.
Overall, the total amount of debt securities owed by Canadian entities, in book value terms, reached $5,531.6 billion at the end of 2022. Meanwhile, the overall market value of these securities remained below the book value for a fourth consecutive quarter as rising interest rates continued to affect the prices of these instruments.
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