The Canadian market is unlike many other regional markets in that its benchmark index, the S&P/TSX 60 Index, makes up a relatively small percentage of market share of structured product issuance, comprising only 3.03% in 2018.

Last year the indices with the highest percentage of market share by sales volume were the S&P/TSX Composite Index Banks and the Eurostoxx 50 index with 4.67% and 4.38% respectively. There is an appetite in Canada for stock or stock basket products along with trades linked to ETFs or more specialised proprietary indices. Bank of Montreal have recently issued series 52 of its Global Smart Volatility (5%) Index Principal Protected Deposit Notes. Over the past three years, there has been an in

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