On Tuesday, the Government of Canada 5-year bond yield jumped to an intraday high of 4.46% before retreating somewhat to 4.42%. Over the past two weeks, yields have risen by over 40 basis points, or 0.40%.
Rapidly rising interest rates and other economic headwinds mean it's becoming increasingly likely Canada will enter into a recession.
June brought more declines in sales and prices to the Toronto real estate market, but are we in the midst...