Canadian excess bond premium is highly informative about the outlook for Canadian GDP Baseline_3-month Baseline: 3-month Baseline_12-month Baseline: 12-month Corporate spread_3-month Corporate spread: 3-month Corporate spread_12-month Corporate spread: 12-month Compensation for expected default_3-month Compensation for expected default: 3-month Compensation for expected default_12-month Compensation for expected default: 12-month Excess bond premium_3-month Excess bond premium: 3-month Excess bond premium_12-month Excess bond premium: 12-month Excess bond premium (US)_3-month Excess bond premium (US): 3-month Excess bond premium (US)_12-month Excess bond premium (US): 12-month 12.0000000009.00000000038.00000000035.00000000012.0000000009.00000000047.00000000052.00000000044.00000000036.000000000