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World in turmoil parks cash in Canada bonds for safe keeping

Friday, January 1, 2016 - 05:50
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CONFIDENCE BOOST: Odds that the BOC will cut the overnight lending rate from 0.5 per cent by May jumped to 35 per cent from 26.7 per cent after Statistics Canada said on Dec 23 the Canadian economy stayed flat in October.

Toronto

EVEN with the nation's economy struggling to rebound from recession, the Canadian government is still the safest bet in the developed world.

Canada's government bonds have posted the biggest return among nine developed countries this year, according to the Bank of America