Investors face a shift to higher interest rates after decades of cheap money

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  Interest rates fell for roughly four decades, but the article says the pressures pushing them down have lifted.

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  Inflation, deglobalization and competition for scarce capital are contributing to a new environment of higher bond yields.

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  Investors remain heavily weighted toward stocks and have largely shunned bonds, leaving many unprepared for the change.

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  More than 50 per cent of financial assets in Canada are held in equities and investment funds, according to Statistics Canada.

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  Canadian households added $275-billion worth of stocks in the past year, according to Statistics Canada data through the second quarter.

Who

Investors, including Canadian households, are facing a change in interest-rate conditions.

What

The long period of falling rates is giving way to higher bond yields, and investors may need to adjust portfolios heavily weighted toward stocks.

When

After roughly four decades of falling rates; the article was published on October 10, 2026.

Where

Globally, with Canadian and U.S. investment portfolios discussed.

Why

The article cites inflation, deglobalization, heavy government borrowing and growing private investment needs.

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