Northline Markets · Government bonds

Government of Canada 5-year bond yield

The benchmark yield on a 5-year Government of Canada bond.

Latest value3.39%percent
Observation date2026-11-05
Change, 1 year+0.66 ptsfrom 2.73% on 2025-11-05
Change, 5 years+2.03 ptsfrom 1.36% on 2021-11-05

Daily (business days), delayed Observed 2026-11-05 · retrieved 2026-11-07 · Source: Bank of Canada · Not a live quote.

History

Government of Canada 5-year bond yield over time

Daily observations. Use the period buttons to change the range; the table beneath the chart lists the values.

Government of Canada 5-year bond yield

%.

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Latest values: Government of Canada 5-year bond yield 3.39 (2026-11-05).

What it measures

What this indicator is and why it is watched

What it measures

The benchmark yield on a 5-year Government of Canada bond.

Why it is watched

It is a common reference when lenders price 5-year fixed mortgages.

Economic context

How it connects to the wider economy

Context, not a claim of cause.

Mortgage rates are also set by lenders' funding costs and competition, so the bond yield is one input, not the whole price.

Northline describes relationships as documented mechanisms, statistical associations or hypotheses. Nothing on this page states that a movement in this indicator caused a movement in another.

Method and source

How the data are produced

Publisher
Bank of Canada
Dataset
BD.CDN.5YR.DQ.YLD
Frequency
Daily
Unit
%
Observations
4,205 (long history)
Retrieved
2026-11-07
Series id
ca23_5y

Benchmark yields are the central bank or Treasury estimate for a bond of fixed maturity, not the yield on one specific bond. Daily, Bank of Canada.

Source: Bank of Canada, Benchmark bond yield, 5-year (BD.CDN.5YR.DQ.YLD). Content reused under the Bank of Canada terms (https://www.bankofcanada.ca/terms/); changes: values unchanged.

Licence conditions: see source terms: https://www.bankofcanada.ca/terms/; attribution required.

Missing observations are left missing and are never interpolated. Statistical agencies can revise published values; the observation date and retrieval date above identify the version shown. Methodology and sources.

Investigate

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Questions worth testing

In Studio, the Scenarios tab can ask a what-if question about this indicator. Scenario Intelligence applies its usual checks: when there is too little history, the series are not comparable or the relationship is not stable, it reports “not enough evidence” rather than a number.