As I explained in February, coronavirus is a catalyst, not a cause, of a much-deserved and synchronized repricing in global asset markets. If you thought rising corporate security prices the past couple of years were justified but that recent declines are "irrational", you've missed the plot here. If your financial adviser or manager is telling you this, an independent review of your present holdings (by someone not on the product sales side) is needed stat.
Tumbling yield spreads, crashing oil and freezing capital markets are a triple whammy for Canadian banks that are levered