How the pandemic may impact corporate creditworthiness in Canada

Published: 30/06/2020

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The demand headwinds from the COVID-19 pandemic will undoubtedly lead to a technical recession, as the intentional shutdown of economies around the world will come with a clear contraction in global growth. Data from previous recessions indicate that markets react sharply to the prospects of a recession, a phenomenon which played out again in late March. It is our belief that as the credit cycle resets, attractive opportunities exist in corporate credit, as the asset class typically provides above average returns during this time.

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