12%
10%
8%
6%
4%
2%
0%
-2%
-4%
-6%
Nov-07 Nov-08 Nov-09 Nov-10 Nov-11 Nov-12 Nov-13 Nov-14 Nov-15 Nov-16 Nov-17 Nov-18 Nov-19 Nov-20 Nov-21 Nov-22
Bank of Canada Policy Rate
1 Year GIC
Oct-23, 5.00%
Oct-24, 4.43%
Canadian Short Term Corporate Bond Index
Canadian Short Term Index Returns
12%
10%
8%
6%
4%
2%
0%
-2%
-4%
-6%
Source: Bloomberg, Bank of Canada, ICE BoFA 1-3 Canada Corporate Bond Index. Data as of October 31, 2023.