Israel’s Bank Hapoalim has launched a new structured deposit, Canada S&P/TSX60. The two-year shekel-denominated deposit pays 70% of the average performance of Toronto Stock Exchange's S&P/TSX60 index over three-months.

The product is open now and closes 20 March, with a minimum deposit of NIS1,000.Issuance of structured deposits seems to have picked up recently, following last October’s failed attempt to ban local banks from issuing them by Israel Securities Authority chairman Moshe Tery.