What do rising bond yields mean for Canadians?

Stock markets get all the attention with daily updates and constant analysis. The total value of the Canadian bond market is about 20% larger than the stock market but you rarely hear about it. Despite this, Canadian bond yields influence stock market returns, fixed mortgage rates, and have other broader financial implications. What is a bond’s yield?A bond represents a loan by an investor to a government or company. It is not dissimilar to a guaranteed investment certificate (GIC).On