According to the Governor of the Bank of Canada, Mark Carney, Canada will lead the G7 nations out of the recesssion but will then trail those same countries.
The full article can be found here – http://news.therecord.com/article/700765
Economic growth slowing after fast start to recovery, Bank of Canada says Carney is cautioning markets not to be so sure Canada’s central bank will raise its key interest rates in a matter of weeks.
The rate of return on your bond, can be read through a yield curve, If the increase in bond yield continues to go up, the spread will continue to shrink and this could be a trigger for interest rates to rise. Currently lenders are looking for a spread between 1.35 and 1.60.