Bear markets last about 1-2 years. Longest bear market was the great depression. Bring it on... buying opportunity for those with long time horizonsYeah and the Canadian 10 year is about the same. Perhaps more importantly the 5 year bond yields have gone up dramatically.
During 2020, the 5 year yield was only 0.30% and today it's 2.2% so an increase of nearly 200 basis points! Many business financing costs are tied to the 5 year, so businesses will very soon start feeling pressures from higher borrowing costs.
My guess is that we're entering a bear market in stocks for a few years. Might want to make sure you hold enough bonds & GICs to weather the storm.