7%
6%
5%
4%
3%
2%
1%
0%
Jan-09 Jan-10 Jan-11 Jan-12 Jan-13 Jan-14 Jan-15 Jan-16 Jan-17 Jan-18 Jan-19 Jan-20 Jan-21 Jan-22 Jan-23
Bank of Canada Policy Rate
1 Year GIC
Oct-23, 5.00%
Oct-24, 4.43%
Canada Short Term Corporate Bond Yield
Rise in Bond Yield
Source: Bloomberg, Bank of Canada, ICE BoFA 1-3 Canada Corporate Bond Index. Data as of 31st October 2023