Canada’s High-Yield Bond Market Is Suddenly the Hottest in Years

By Chunzi Xu – Bloomberg News

The often-overlooked Canadian high-yield debt market is having a moment, as companies pile in to sell debt and investors look to lock in coupons before central bank monetary policy easing takes hold. 

Spurred by relatively cheap funding, companies have raised around C$9.8 billion ($7.3 billion) through non-investment-grade debt sales so far this year, the second fastest pace of issuance in Bloomberg records going back to 2013.