TVC:CA10Y Canadian Government Bonds 10 YR Yield
Looking at the chart we can see the 3 month yield inverted with the 10 year yield a few weeks ago so recession could be anywhere from 12-18 months out. The question is, where do we stabilize in this current down swing? Things will probably go sideways for a while before we break support and rates dive to zero. The catalyst will be nGDP figures and Bank of Canada policy.