Markets

CANADA ECONOMICS: Canadian Market Summary From Action Economics

GoCs remained on a "corrective footing" as asset markets consolidated recent strength into the ECB announcement on Thursday and U.S. nonfarm payrolls at the end of the week. Firm U.S data helped to keep a floor under yields, including a solid rise for April factory orders. But the market also turned attention to the BoC announcement on Wednesday, with reduced risk of disinflation competing with recent disappointing GDP data.

USD-CAD traded in a narrow range, but still firming to a 12 day high at 1.0921. And the S&P/TSX Composite was able to build on Monday's rally, led by financials.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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