Canadian Bonds Show Resilience

Canadian bonds showed resilience in the third quarter despite recession risks, says FTSE Russell’s ‘Fixed Income Insights.’ The brief G7 bond rally in July was a distant memory by September, overshadowed by a bear market, after co-ordinated G7 central bank rate hikes to address broadening price pressures heighted fears of a global recession (or worse). Despite the market turmoil, Canadian corporates and governments gained in the quarter.