A recent residential mortgage-backed securities (RMBS) transaction issued by a non-bank financial institution (NBFI) in Canada is backed by high credit quality mortgages but exposes investors to extended loan default risk in an uncertain housing market environment, Fitch Ratings says. Fitch did not rate this transaction. However, our rating

British Columbia's Budget 2018, the first full budget released by the new government since taking office in summer 2017, relies on continued economic growth of between 2.3% and 2.0%, and significant revenue measures to fund spending boosts for key policy goals.

The plan maintains a trend of modest fiscal surpluses, heavily dependent on successful

Canada's Bank Recapitalization (Bail-in) Regime increases the protection for covered bondholders against a hypothetical issuer default, according to Fitch Ratings. It will lead to larger buffer against a potential issuer downgrade for Fitch-rated covered bond programs of federally Domestic Systemically Important Banks (D-SIB) in Canada. Under an

The approval of anti-calcitonin gene-related peptide (anti-CGRP) monoclonal antibodies for migraine prevention will be one of the standout developments in the central nervous system drugs sector in 2018. Novartis and Amgen will be first to market with Aimovig, followed closely by Eli Lilly and Teva Pharmaceutical Industries, and pricing will be a