Canadian stocks have risen nearly 40% since the March 2020 lows, but 10-year Government of Canada bond yields remain near historical lows at just 0.55%. While it may appear like bonds and stocks are telling two different stories, they are actually one and the same.
After three months under lockdown, the City of Toronto will soon be allowed to reopen certain nonessential businesses, restoring a semblance of normalcy to one of Canada's hardest hit urban areas. However, Canada still operates under strict protocols to protect against a renewed increase in infections, according to the University