Leagues' plans may be foiled by player safety concerns
The telecom and energy sectors drove record defaults in Q2
Provincial borrowing to ramp up, but debt sustainable
Large pensions have the assets, liquidity and structure to deal with downturn
Unexpected return to weakness more likely than a robust recovery
Global defaults surpassed 2019 levels in the first five months of 2020
Pandemic pressure on provincial finances drives the shift
Forecast sees rebuild through 2022, assuming strict lockdowns aren't needed again
Replacing the financial benchmark by the end of 2021 is still possible despite the pandemic
Economists say Fitch's rating was driven by forces affecting most economies, not just Canada