Interest rates will stay high, ’cause the stone-cold bond market said so

Open this photo in gallery: Bank of Canada Governor Tiff Macklem holds a press conference in Ottawa on Wednesday, July 12, 2023. THE CANADIAN PRESS/Sean KilpatrickSean Kilpatrick/The Canadian Press

John Rapley is a political economist at the University of Cambridge and managing director of Seaford Macro.…

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