rates
INVERTED FOR 5 MONTHS, OUR YIELD CURVE STILL ISN’T NORMAL
5.00%
4.00%
3.00%
2.00%
+1.22%
1.00%
0.00%
-0.19%
-1.00%
-2.00%
-3.00%
-4.00%
INTEREST RATE DIFFERENTIAL YR MINUS MO YIELDS
LONGRUN AVG SPREAD
RECESSION
SOURCE: BANK OF CANADA
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