It is a lower-tier indicator however one thing the Financial institution of Canada is watching. Regardless of fee cuts, lending circumstances worsened in Q3. They could even be involved that rising yields might additional impair lending in This fall.
An issue for Canada (and plenty of different nations) is that the Federal Reserve and US Treasury market does an enormous a part of world fee setting.
Canadian 5-year:
This text was written by Adam Button at www.forexlive.com.
