Executive Summary

A Rocky Year for Credit in Canada color blocks

The Greenwich Associates Canadian data noted a rise of over 40% in volume in secondary credit trading in the 12 months ending in the spring of this year. TD Securities, RBC Capital Markets and BMO Capital Markets are the leading dealers in the credit segment and all three won Greenwich Leader awards in 2019.


Between February and May 2019, Greenwich Associates conducted product interviews with 106 institutional investors active in fixed income in Canada. Interview topics included trading and research activities and preferences, product and dealer use, service provider evaluations, market trend analysis, and investor compensation.