Canada's 10-year government bond yield edged lower to around 3.68%, its lowest level in more than two months, tracking a broader decline in global bond yields. The move came amid a broader risk-off sentiment, triggering a renewed global sell-off in technology stocks as investors weighed the potential impact of a Democratic victory in the US on the technology sector and AI-related capital expenditure. Also, the Democrats' gains could strengthen their position in challenging President Trump's trade policies, potentially affecting Canada. Meantime, the BoC delivered its first interest rate hike in more than three years in October, as expected. The BoC signalled that further increases may be necessary to prevent rising energy costs from spilling over into broader inflation. It also raised its 2027 inflation forecast to 3.1%, from 2.0% in July, while upgrading its growth outlook to 1.0%, from 0.7%. Despite the latest rate increase, the policy rate remains below the estimated neutral level.
The yield on Canada 10Y Bond Yield eased to 3.67% on November 5, 2026, marking a 0.03 percentage points decrease from the previous session. Over the past month, the yield has fallen by 0.26 points, though it remains 0.56 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the Canada 10-Year Government Bond Yield reached an all time high of 12.44 in March of 1985. Canada 10-Year Government Bond Yield - data, forecasts, historical chart - was last updated on November 6 of 2026.
The yield on Canada 10Y Bond Yield eased to 3.67% on November 5, 2026, marking a 0.03 percentage points decrease from the previous session. Over the past month, the yield has fallen by 0.26 points, though it remains 0.56 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. The Canada 10-Year Government Bond Yield is expected to trade at 3.76 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 3.55 in 12 months time.