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As pandemic roils Canada, companies tap bond market by most in a decade

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Canadian companies went on a debt binge as the COVID-19 crisis slammed the economy, with Canada Inc rushing to the bond market at the heaviest pace in at least a decade.

A Canada Dollar note is seen in this June 22, 2017 illustration photo. REUTERS/Thomas White/Illustration

“You don’t want to be caught in a situation when you do need the access to capital markets and they’re closed off to you,” said Barry Schwartz, chief investment officer at Baskin Wealth Management. Banks, miners, energy firms, retailers and real estate firms were among those raising debt. The increased borrowing could be a problem for companies facing slowdowns or with high existing debt loads.

 

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Canada's population - 37,559,000 Canada's COVID cases - 100,191 Canada's infection rate - 0.26% 'roils' is way too strong of a word.

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