Canadian high-yield bond-market growth is strong capital source

摘要

The Canadian dollar-denominated high-yield bond market has grown significantly since 2009, with newissuance increasing from C$1.2 billion in 2009 to C$3.4 billion in 2010 and C$4.4 billion in 2011.The market surge has been driven primarily by tax changes that led to the dissolution of Canadian IncomeTrusts, previously the high-yield investment of choice in Canada.