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A Canadian dollar.
A Canadian dollar.
(Jonathan Hayward/The Canadian Press)

On avoiding the loonie and China's possible implosion

These are interesting times for fixed income investing. U.S. bond yields have been rising since last spring, threatening to end a 30-year bull market in bonds. At the same time, the Canadian dollar is sinking, high-yield debt has been on a tear and emerging markets appear vulnerable to an end to U.S. monetary stimulus.