Finally, it will have the benefit of opening up the market to the rest of the world and increasing Kenya’s financial sector competitiveness in the region and across the world. It surely does set the pace for the regional market. I wish therefore to congratulate the Nairobi Securities Exchange for the foresight of developing the bond index.
As well, a solid expansion in the Canadian economy is leading to strong growth in employment and income and, over time, this will support Canadians’ ability to manage their debt, even at a time of rising interest rates. The changes to mortgage lending guidelines are driving a steady improvement in the quality of new loans.