Are Canadians smarter investors than the rest of us?

While British investors pile in to bonds, one of Canada’s biggest pension funds is bailing out. So is the bond party over? John Stepek looks at the future for bonds, and where the smart money is likely to go next.

I've been somewhat dismissiveof the incoming head of the Bank of England, Mark Carney.

I'm sure that Carney - currently head of Canada's central bank - is a pleasant chap. But given the Barack Obama-style adulation he's being greeted with, I suspect he can only disappoint us all.

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John Stepek

John Stepek is a senior reporter at Bloomberg News and a former editor of MoneyWeek magazine. He graduated from Strathclyde University with a degree in psychology in 1996 and has always been fascinated by the gap between the way the market works in theory and the way it works in practice, and by how our deep-rooted instincts work against our best interests as investors.

He started out in journalism by writing articles about the specific business challenges facing family firms. In 2003, he took a job on the finance desk of Teletext, where he spent two years covering the markets and breaking financial news.

His work has been published in Families in Business, Shares magazine, Spear's Magazine, The Sunday Times, and The Spectator among others. He has also appeared as an expert commentator on BBC Radio 4's Today programme, BBC Radio Scotland, Newsnight, Daily Politics and Bloomberg. His first book, on contrarian investing, The Sceptical Investor, was released in March 2019. You can follow John on Twitter at @john_stepek.