The Globe and Mail reports in its Thursday edition that the Canadian market for the riskiest corporate bonds is disappearing. A Bloomberg dispatch to The Globe reports that sales of high-yield bonds issued in the Canadian currency have slowed to just one $250-million (Canadian) offering this year, compared with seven issues worth $1.45-billion (Canadian) in 2014. "The market's at risk of dying or fading away," said Geof Marshall, who oversees about $9-billion (Canadian) of high-yield bonds at CI Investments. More borrowers, as a result, are seeking funding south of the border. Bellatrix Exploration went to the United States to sell $250-million (U.S.) of 8.5 per cent unsecured notes to reduce its borrowing from a bank credit facility. Company spokesman Steve Toth said a factor in deciding to sell U.S. dollar debt was that more than half of the company's shareholders live in the United States. Brookfield Residential Properties has been the lone borrower this year in the Canadian high-yield market, selling $250-million (Canadian) in debt through a private placement in May. Also turning to the U.S. is ATS Automation Tooling Systems. It plans to issue $250-million (U.S.) of notes due 2023.