Canada's 10-year government bond yield rose above 3.27%, following a dip from its December peak of 3.345%, as political turmoil and rising deficits drove heightened risk premiums. Prime Minister Trudeau’s resignation, following a growing crisis marked by tariff threats and declining approval ratings, has introduced uncertainty over potential snap elections, further exacerbating concerns about fiscal deficits. Additionally, Canada’s GDP contracted by 0.1% in November, the first decline in the year, aligning with the Bank of Canada’s lowered growth forecasts. Globally, markets remain cautious as former U.S. President Trump denied reports of adopting softer trade policies, maintaining concerns over potential tariff escalation.
Canada 10Y Bond Yield was 3.37 percent on Thursday January 9, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the Canada 10-Year Government Bond Yield reached an all time high of 12.44 in March of 1985. Canada 10-Year Government Bond Yield - data, forecasts, historical chart - was last updated on January 9 of 2025.
Canada 10Y Bond Yield was 3.37 percent on Thursday January 9, according to over-the-counter interbank yield quotes for this government bond maturity. The Canada 10-Year Government Bond Yield is expected to trade at 3.16 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 2.96 in 12 months time.