The dip means that the Bank of Canada could choose to cut interest rates for Canada’s bonds, which are seeing declining returns for investors. (Financial Post)

Talking point: The yield on Canada’s 10-year bond dropped to 1.6 per cent on March 22, which hasn’t happened since 2007—just before the financial crisis. Because yield curves are often the early signs of a recession, this could have ripple effects for Canadian companies looking for cash to fuel their growth. A January report from The Logic found that Canadian investors are closely monitoring a downturn, which would make investors cautious of “overpaying” for startups with high valuations. At the Berlin SuperReturn conference in early March, investors like Hamilton Lane and PSP Investments expressed concern that private equity funds would overpay to quickly deploy cash on hand—another industry shift that happened before the 2008 financial crisis.