{
    "terms": {
        "url": "https://www.bankofcanada.ca/terms/"
    },
    "groupDetail": {
        "label": "Canadian firms are increasingly using US high-yield bonds and leveraged loans",
        "description": "Amount outstanding, quarterly\n\nNotes: \n1. The data exclude firms in the financial, insurance and real estate sectors and bonds issued in currencies other than US and Canadian dollars.\n2. Given that the bond and credit rating data from Refinitiv and Moody’s do not cover the entire market, the actual increase in amount outstanding is larger than the estimates provided in the chart.\n3. Conversion from US to Canadian dollars is at the exchange rate in effect for each year.\n\nSources: Bloomberg Finance L.P., Moody\u0027s, Refinitiv DataScope Fixed Income data and Bank of Canada calculations\n\nLast observation: 2018Q4",
        "link": "https://www.bankofcanada.ca/?p=205094"
    },
    "seriesDetail": {
        "FSR_2019_C15_S00": {
            "label": "High-yield bonds (left scale)",
            "description": "Can$ billions",
            "dimension": {
                "key": "d",
                "name": "Date"
            }
        },
        "FSR_2019_C15_S01": {
            "label": "Leveraged term loans (excluding covenant-lite) (left scale)",
            "description": "Can$ billions",
            "dimension": {
                "key": "d",
                "name": "Date"
            }
        },
        "FSR_2019_C15_S02": {
            "label": "Leveraged covenant-lite loans (left scale)",
            "description": "Can$ billions",
            "dimension": {
                "key": "d",
                "name": "Date"
            }
        },
        "FSR_2019_C15_S03": {
            "label": "High-yield bonds and leveraged loans share of non-financial corporate sector debt (right scale)",
            "description": "%",
            "dimension": {
                "key": "d",
                "name": "Date"
            }
        }
    },
    "observations": [
        {
            "d": "2009-03-31",
            "FSR_2019_C15_S00": {
                "v": "40.01"
            },
            "FSR_2019_C15_S01": {
                "v": "32.68"
            },
            "FSR_2019_C15_S02": {
                "v": "0.72"
            },
            "FSR_2019_C15_S03": {
                "v": "5.47"
            }
        },
        {
            "d": "2009-06-30",
            "FSR_2019_C15_S00": {
                "v": "48.28"
            },
            "FSR_2019_C15_S01": {
                "v": "30.11"
            },
            "FSR_2019_C15_S02": {
                "v": "0.67"
            },
            "FSR_2019_C15_S03": {
                "v": "5.92"
            }
        },
        {
            "d": "2009-09-30",
            "FSR_2019_C15_S00": {
                "v": "43.78"
            },
            "FSR_2019_C15_S01": {
                "v": "27.24"
            },
            "FSR_2019_C15_S02": {
                "v": "0.61"
            },
            "FSR_2019_C15_S03": {
                "v": "5.33"
            }
        },
        {
            "d": "2009-12-31",
            "FSR_2019_C15_S00": {
                "v": "40.44"
            },
            "FSR_2019_C15_S01": {
                "v": "25.06"
            },
            "FSR_2019_C15_S02": {
                "v": "0.60"
            },
            "FSR_2019_C15_S03": {
                "v": "4.96"
            }
        },
        {
            "d": "2010-03-31",
            "FSR_2019_C15_S00": {
                "v": "41.71"
            },
            "FSR_2019_C15_S01": {
                "v": "24.15"
            },
            "FSR_2019_C15_S02": {
                "v": "0.58"
            },
            "FSR_2019_C15_S03": {
                "v": "5.02"
            }
        },
        {
            "d": "2010-06-30",
            "FSR_2019_C15_S00": {
                "v": "34.44"
            },
            "FSR_2019_C15_S01": {
                "v": "25.22"
            },
            "FSR_2019_C15_S02": {
                "v": "0.61"
            },
            "FSR_2019_C15_S03": {
                "v": "4.51"
            }
        },
        {
            "d": "2010-09-30",
            "FSR_2019_C15_S00": {
                "v": "36.08"
            },
            "FSR_2019_C15_S01": {
                "v": "24.88"
            },
            "FSR_2019_C15_S02": {
                "v": "0.59"
            },
            "FSR_2019_C15_S03": {
                "v": "4.61"
            }
        },
        {
            "d": "2010-12-31",
            "FSR_2019_C15_S00": {
                "v": "32.40"
            },
            "FSR_2019_C15_S01": {
                "v": "25.65"
            },
            "FSR_2019_C15_S02": {
                "v": "0.57"
            },
            "FSR_2019_C15_S03": {
                "v": "4.36"
            }
        },
        {
            "d": "2011-03-31",
            "FSR_2019_C15_S00": {
                "v": "32.62"
            },
            "FSR_2019_C15_S01": {
                "v": "26.12"
            },
            "FSR_2019_C15_S02": {
                "v": "0.56"
            },
            "FSR_2019_C15_S03": {
                "v": "4.31"
            }
        },
        {
            "d": "2011-06-30",
            "FSR_2019_C15_S00": {
                "v": "33.52"
            },
            "FSR_2019_C15_S01": {
                "v": "25.97"
            },
            "FSR_2019_C15_S02": {
                "v": "0.55"
            },
            "FSR_2019_C15_S03": {
                "v": "4.30"
            }
        },
        {
            "d": "2011-09-30",
            "FSR_2019_C15_S00": {
                "v": "34.30"
            },
            "FSR_2019_C15_S01": {
                "v": "26.70"
            },
            "FSR_2019_C15_S02": {
                "v": "0.59"
            },
            "FSR_2019_C15_S03": {
                "v": "4.29"
            }
        },
        {
            "d": "2011-12-31",
            "FSR_2019_C15_S00": {
                "v": "35.30"
            },
            "FSR_2019_C15_S01": {
                "v": "28.36"
            },
            "FSR_2019_C15_S02": {
                "v": "0.58"
            },
            "FSR_2019_C15_S03": {
                "v": "4.49"
            }
        },
        {
            "d": "2012-03-30",
            "FSR_2019_C15_S00": {
                "v": "36.17"
            },
            "FSR_2019_C15_S01": {
                "v": "27.80"
            },
            "FSR_2019_C15_S02": {
                "v": "0.57"
            },
            "FSR_2019_C15_S03": {
                "v": "4.37"
            }
        },
        {
            "d": "2012-06-29",
            "FSR_2019_C15_S00": {
                "v": "39.31"
            },
            "FSR_2019_C15_S01": {
                "v": "29.03"
            },
            "FSR_2019_C15_S02": {
                "v": "0.58"
            },
            "FSR_2019_C15_S03": {
                "v": "4.58"
            }
        },
        {
            "d": "2012-09-29",
            "FSR_2019_C15_S00": {
                "v": "40.33"
            },
            "FSR_2019_C15_S01": {
                "v": "28.02"
            },
            "FSR_2019_C15_S02": {
                "v": "0.56"
            },
            "FSR_2019_C15_S03": {
                "v": "4.48"
            }
        },
        {
            "d": "2012-12-30",
            "FSR_2019_C15_S00": {
                "v": "43.00"
            },
            "FSR_2019_C15_S01": {
                "v": "31.09"
            },
            "FSR_2019_C15_S02": {
                "v": "0.72"
            },
            "FSR_2019_C15_S03": {
                "v": "4.75"
            }
        },
        {
            "d": "2013-03-30",
            "FSR_2019_C15_S00": {
                "v": "47.20"
            },
            "FSR_2019_C15_S01": {
                "v": "39.95"
            },
            "FSR_2019_C15_S02": {
                "v": "2.89"
            },
            "FSR_2019_C15_S03": {
                "v": "5.54"
            }
        },
        {
            "d": "2013-06-29",
            "FSR_2019_C15_S00": {
                "v": "48.60"
            },
            "FSR_2019_C15_S01": {
                "v": "39.98"
            },
            "FSR_2019_C15_S02": {
                "v": "6.81"
            },
            "FSR_2019_C15_S03": {
                "v": "5.76"
            }
        },
        {
            "d": "2013-09-29",
            "FSR_2019_C15_S00": {
                "v": "53.70"
            },
            "FSR_2019_C15_S01": {
                "v": "46.01"
            },
            "FSR_2019_C15_S02": {
                "v": "7.15"
            },
            "FSR_2019_C15_S03": {
                "v": "6.31"
            }
        },
        {
            "d": "2013-12-30",
            "FSR_2019_C15_S00": {
                "v": "55.50"
            },
            "FSR_2019_C15_S01": {
                "v": "48.21"
            },
            "FSR_2019_C15_S02": {
                "v": "11.20"
            },
            "FSR_2019_C15_S03": {
                "v": "6.64"
            }
        },
        {
            "d": "2014-03-30",
            "FSR_2019_C15_S00": {
                "v": "60.50"
            },
            "FSR_2019_C15_S01": {
                "v": "54.47"
            },
            "FSR_2019_C15_S02": {
                "v": "12.00"
            },
            "FSR_2019_C15_S03": {
                "v": "7.21"
            }
        },
        {
            "d": "2014-06-29",
            "FSR_2019_C15_S00": {
                "v": "64.40"
            },
            "FSR_2019_C15_S01": {
                "v": "52.88"
            },
            "FSR_2019_C15_S02": {
                "v": "13.96"
            },
            "FSR_2019_C15_S03": {
                "v": "7.41"
            }
        },
        {
            "d": "2014-09-29",
            "FSR_2019_C15_S00": {
                "v": "65.00"
            },
            "FSR_2019_C15_S01": {
                "v": "53.84"
            },
            "FSR_2019_C15_S02": {
                "v": "14.65"
            },
            "FSR_2019_C15_S03": {
                "v": "7.34"
            }
        },
        {
            "d": "2014-12-30",
            "FSR_2019_C15_S00": {
                "v": "70.30"
            },
            "FSR_2019_C15_S01": {
                "v": "59.28"
            },
            "FSR_2019_C15_S02": {
                "v": "15.31"
            },
            "FSR_2019_C15_S03": {
                "v": "7.86"
            }
        },
        {
            "d": "2015-03-30",
            "FSR_2019_C15_S00": {
                "v": "88.60"
            },
            "FSR_2019_C15_S01": {
                "v": "63.73"
            },
            "FSR_2019_C15_S02": {
                "v": "17.50"
            },
            "FSR_2019_C15_S03": {
                "v": "8.70"
            }
        },
        {
            "d": "2015-06-29",
            "FSR_2019_C15_S00": {
                "v": "99.00"
            },
            "FSR_2019_C15_S01": {
                "v": "76.43"
            },
            "FSR_2019_C15_S02": {
                "v": "21.77"
            },
            "FSR_2019_C15_S03": {
                "v": "10.09"
            }
        },
        {
            "d": "2015-09-29",
            "FSR_2019_C15_S00": {
                "v": "100.60"
            },
            "FSR_2019_C15_S01": {
                "v": "81.90"
            },
            "FSR_2019_C15_S02": {
                "v": "24.93"
            },
            "FSR_2019_C15_S03": {
                "v": "10.41"
            }
        },
        {
            "d": "2015-12-30",
            "FSR_2019_C15_S00": {
                "v": "108.90"
            },
            "FSR_2019_C15_S01": {
                "v": "84.66"
            },
            "FSR_2019_C15_S02": {
                "v": "27.28"
            },
            "FSR_2019_C15_S03": {
                "v": "10.81"
            }
        },
        {
            "d": "2016-03-29",
            "FSR_2019_C15_S00": {
                "v": "120.20"
            },
            "FSR_2019_C15_S01": {
                "v": "79.59"
            },
            "FSR_2019_C15_S02": {
                "v": "25.57"
            },
            "FSR_2019_C15_S03": {
                "v": "11.06"
            }
        },
        {
            "d": "2016-06-28",
            "FSR_2019_C15_S00": {
                "v": "118.00"
            },
            "FSR_2019_C15_S01": {
                "v": "73.54"
            },
            "FSR_2019_C15_S02": {
                "v": "25.64"
            },
            "FSR_2019_C15_S03": {
                "v": "10.53"
            }
        },
        {
            "d": "2016-09-28",
            "FSR_2019_C15_S00": {
                "v": "117.00"
            },
            "FSR_2019_C15_S01": {
                "v": "76.66"
            },
            "FSR_2019_C15_S02": {
                "v": "26.96"
            },
            "FSR_2019_C15_S03": {
                "v": "10.44"
            }
        },
        {
            "d": "2016-12-29",
            "FSR_2019_C15_S00": {
                "v": "108.60"
            },
            "FSR_2019_C15_S01": {
                "v": "81.52"
            },
            "FSR_2019_C15_S02": {
                "v": "34.54"
            },
            "FSR_2019_C15_S03": {
                "v": "10.60"
            }
        },
        {
            "d": "2017-03-29",
            "FSR_2019_C15_S00": {
                "v": "120.10"
            },
            "FSR_2019_C15_S01": {
                "v": "97.58"
            },
            "FSR_2019_C15_S02": {
                "v": "38.95"
            },
            "FSR_2019_C15_S03": {
                "v": "11.79"
            }
        },
        {
            "d": "2017-06-28",
            "FSR_2019_C15_S00": {
                "v": "119.00"
            },
            "FSR_2019_C15_S01": {
                "v": "98.30"
            },
            "FSR_2019_C15_S02": {
                "v": "41.49"
            },
            "FSR_2019_C15_S03": {
                "v": "11.68"
            }
        },
        {
            "d": "2017-09-28",
            "FSR_2019_C15_S00": {
                "v": "118.30"
            },
            "FSR_2019_C15_S01": {
                "v": "95.28"
            },
            "FSR_2019_C15_S02": {
                "v": "41.78"
            },
            "FSR_2019_C15_S03": {
                "v": "11.53"
            }
        },
        {
            "d": "2017-12-29",
            "FSR_2019_C15_S00": {
                "v": "117.80"
            },
            "FSR_2019_C15_S01": {
                "v": "105.62"
            },
            "FSR_2019_C15_S02": {
                "v": "43.63"
            },
            "FSR_2019_C15_S03": {
                "v": "11.74"
            }
        },
        {
            "d": "2018-03-29",
            "FSR_2019_C15_S00": {
                "v": "121.30"
            },
            "FSR_2019_C15_S01": {
                "v": "110.62"
            },
            "FSR_2019_C15_S02": {
                "v": "48.54"
            },
            "FSR_2019_C15_S03": {
                "v": "12.14"
            }
        },
        {
            "d": "2018-06-28",
            "FSR_2019_C15_S00": {
                "v": "124.20"
            },
            "FSR_2019_C15_S01": {
                "v": "112.01"
            },
            "FSR_2019_C15_S02": {
                "v": "51.73"
            },
            "FSR_2019_C15_S03": {
                "v": "12.28"
            }
        },
        {
            "d": "2018-09-28",
            "FSR_2019_C15_S00": {
                "v": "124.50"
            },
            "FSR_2019_C15_S01": {
                "v": "111.36"
            },
            "FSR_2019_C15_S02": {
                "v": "52.30"
            },
            "FSR_2019_C15_S03": {
                "v": "12.23"
            }
        },
        {
            "d": "2018-12-29",
            "FSR_2019_C15_S00": {
                "v": "119.00"
            },
            "FSR_2019_C15_S01": {
                "v": "115.61"
            },
            "FSR_2019_C15_S02": {
                "v": "59.16"
            },
            "FSR_2019_C15_S03": {
                "v": "12.16"
            }
        }
    ]
}