The S&P/TSX Canadian Bond index, Canada's first independent...

The S&P/TSX Canadian Bond index, Canada's first independent fixed-income index, will be launched in the first quarter. The index is being created by Standard & Poor's in collaboration with CIBC World Markets, RBC Capital Markets and the Toronto Stock Exchange, said David Guarino, S&P spokesman. The index will serve as a benchmark for Canadian fixed-income portfolios and eventually lead to the development of index-linked bond investment products, according to Mr. Guarino.